Jewish Care Victoria lists Caulfield North parcel for sale
Jewish Care Victoria has listed the former Mark & Dina Munzer Community Residential Aged Care facility in Melbourne’s Caulfield North.
Gary Peer & Associate, inconjunction with CBRE, are handling the sale of the 52-58 Northcote Avenue property.
The 3,683 sqm site has remained vacant since the aged care facility’s closure in March 2017.
The property is expected to attract the attention of local and overseas developers, aged care operators and not-for-profit and charitable organisations looking to establish new headquarters.
Jewish Care Victoria CEO Bill Appleby said the property did not align with the organisation’s recently released Strategic Plan, which would determine its key strategic priorities for 2018-2020.
Gary Peer & Associates’ Philip Kingston said the former aged care facility was the most significant allotment the firm has handled for public sale.
“The property is more than double the size of any landholding in the notoriously quiet street, and more than 1,000sqm bigger than anything we have handled in the Caulfield precinct over the last five years,” Mr Kingston said.
The property features all the amenities required of an aged care facility, including 45 beds, full line commercial kitchens and formal living and dining areas.
Offers close September 6.
