Operator buys former Calvary aged care home, Melbourne
A former Calvary aged care facility in Melbourne’s south-east has changed hands for a speculated $5.9 million.
Another operator has bought 47-49 Belgrave-Hallam Road, Hallam.
On 8093 square metres, the modern 58-bed complex spans 2070 sqm.
It is designed with 12 single rooms, 23 double rooms, a lounge, dining rooms and recreation areas.
There are also 26 car parks.
Savills’ Julian Heatherich, James Latos and Beau Bakhtani were the agents.
Calvary acquired the property as part of its $380m acquisition of Japara Healthcare in 2021.
The facility previously operated as Japara Hallam and, before that, Hallam Residential Care.
Calvary’s closed the complex in 2024 saying the building’s design and infrastructure could not support contemporary aged care without major renovation (continues below).
Development upside
Zoned General Residential, 47–49 Belgrave-Hallam Rd was marketed for its development upside, with townhouses able to be considered.
The agents said the existing improvement could also be revamped for specialist disability accommodation.
It could also be extended with a vacant tract at the west edge.
The holding is about 225 metres from the Monash Freeway and three kilometres from Westfield Fountain Gate.
Hallam is 36 kilometres from the CBD.
The deal comes six weeks since realestatesource.com.au reported an interstate aged care operator acquired a Best Western in Box Hill to occupy after a repurpose.
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