AU buys Alphington site for hospital
EXCLUSIVE
Australian Unity has purchased a prominent Alphington ex-nursing home for an 85-bed acute care hospital it has pre-leased to Healthe Care.
The 6527 square metre block covering 9-15 Old Heidelberg Road, abutting Sparks Reserve, also the Ivanhoe border, is setting the group back $14.75 million.
Up to another $34.54m will be tipped in to fit-out existing buildings; no modifications are intended to the exterior.
The asset will then be held by the $3.37 billion Healthcare Property Trust.
Chronos Care portfolio sold down
Zoned Neighbourhood Residential, the Alphington site contains a vacant aged care home – one of two operated by Chronos Care, which was put into administration last November.
It also includes two standalone dwellings.
With 61 metres of frontage to Old Heidelberg Rd, the block is opposite Alphington Grammar to the south and east.
To the north, it faces Heidelberg Rd for 44m.
Gray Johnson’s Rory White and Matt Hoath were the agents; as well as essential services occupiers and developers, they targeted townhouse builders (story continues below).
It is also speculated Alphington Grammar passed up the chance to buy it (the school is now opposing the hospital).
Alphington is seven kilometres north east of Melbourne.
Mental health focused hospital planned
The proposed hospital, to be known as Alphington Clinic, will be targeted to those seeking mental health services; set to operate 24 hours and seven days, it will accommodate 30 inpatients and eight day clients.
Up to 20 staff will be based there.
The number of car parks, 16, is unchanged from its former use.
Sydney based Healthe Care, since mid-2021 a subsidiary of Pacific Equity Partners, has committed for an initial 25 years.
The site sale comes seven months since administrators divested the second Chronos Care aged care home, Ranelagh Gardens, in Mt Eliza, to NorthWest Healthcare Properties, for $11m.
CBRE’s Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat brokered that transaction.
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