Epworth buys up more of Richmond
Epworth has snapped up a double storey art deco office beside its Richmond hospital’s main entrance.
Struck with separate owners last October and November, the deal includes #99 Bridge Road, on 165 square metres, which traded for $2,172,500 and #101 – the other half of the subdivided building – on 133 sqm ($1.98m).
The healthcare giant is expected to occupy the two storey brick complex (Google Street View image, top), allowing it to quit rented accommodation, including at 173-177 Lennox Street.
Epworths’ main Richmond hospital stretches from Bridge Rd to Erin St.
Last year the group offloaded the Epworth Elim rehabilitation clinic, in the area, for $22.8m with a 20 year leaseback (story continues below).
As part of that deal, the buyer, NorthWest Healthcare, is expected to undertake an extension.
Epworth also moved ahead with plans to construct a 12 storey facility on its East Melbourne holding abutting Fitzroy Gardens.
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