Ascot Vale’s Former Marivale Nursing Home to Fetch $3.5 Million as Residential Development Site

The 30-bed Marivale facility confirmed it would close earlier this year after failing to keep up with trends in the burgeoning aged care sector. This included a preference by residents for single bed rooms (as opposed to multi-bed rooms), with ensuite bathrooms.
 
The former nursing home is expected to sell for around $3.5 million, according to sources, possibly more if existing structures can be incorporated into any new development, and are seen to offer any value.
 

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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