St Vincents to Sell Geelong Aged Care Centres

The biggest property, the former Vincentian House, occupies a 5,400 square metres island site at 58 – 62 Villamanta Street in Geelong West, a few hundred metres west of the Geelong train station.

A second site, the former Rosalie House at 24 St David Street in North Geelong, will also be sold. Measuring 2,202 square metres, the site is wedged between the North Geelong train station at one side, and St Helens Park and the beach at the other.

Knight Frank Geelong director Simon Jarman is selling the properties with Michael Hede. He said he expects the sites to fetch more than $5 million combined, and arouse interest from residential developers.

St Vincent’s will use proceeds from the sales to offset costs associated with its new $13.8 million Hamlyn Heights Aged Care facility nearby. All residents in the facilities that will be sold have been moved to the new facility.

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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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