304 Springvale RoadDonvale VIC 3111
Property Details for 304 Springvale Rd, Donvale
Last Listing description (October 2023)
CBRE Australian Healthcare & Social Infrastructure is proud to exclusively present 296-304 Springvale Road, Donvale. A considerable former Residential Aged Care home with irreplaceable existing improvements and immediate potential to occupy, re-position or expand.
Located within one of Victoria's most desirable postcodes, the subject property's placement, coupled with irreplaceable 9C compliant improvements, make this one of the most notable vacant aged care propositions in recent Australian history.
Fully operational until late July 2023, immediate or partial occupation of the subject property is possible with oversized hallways, doorways and bedrooms suiting Aged Care, Seniors Living, Healthcare, NDIS/SDA or accommodation related users.
OVERVIEW
+Highly valuable existing improvements comprising 113 single rooms
+Adjoining vacant land parcel of 6,243sqm* allowing future expansion or a mixed-use proposition (STCA)
+Offered with vacant possession
+Building area of 6,603sqm* across two levels with multiple communal lounge/dining and recreation spaces and full disability access
+Substantial underlying land area of 18,224sqm* across two titles
+Suited to a variety of end users including Aged Care, Retirement, Hospital, Rehab, Land Banking, Supported Residential Services, Specialist Disability Services, Short Stay Accommodation and more (STCA)
LOCATION
+Located within Melbourne's highly coveted eastern corridor, only 20km* from Melbourne CBD
+Strategically positioned on the Springvale Road thoroughfare with a combined 170m* street frontage and over 12,000 vehicles passing daily
+Direct access (1km*) to the Eastern Freeway / Eastlink providing immediate passage to both the Melbourne CBD or Mornington Peninsula
+Situated within one of Victoria's most desirable municipalities, Donvale featuring a median house price exceeding $1,500,000*
+Well serviced by immediate retail, healthcare and lifestyle amenities with Tunstall Square Shopping Centre, Donvale Reserve, Donvale Rehabilitation Hospital (Ramsay Healthcare), Westfield Doncaster and more a short distance away.
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING TUESDAY 5TH SEPTEMBER AT 2.00PM (AEST)
For further information contact Australia's market leading Healthcare & Social Infrastructure specialists:
Marcello Caspani-Muto
+61 417 065 777
Sandro Peluso
+61 418 389 757
Jimmy Tat
+61 439 399 118
*approx.
Property History for 304 Springvale Rd, Donvale, VIC 3111
- 14 Oct 2023Sold for $2,215,254
- 04 Aug 2023Listed for Sale Contact Agent
- 01 Sep 2003Sold for $695,000
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About Donvale 3111
The size of Donvale is approximately 11.7 square kilometres. It has 26 parks covering nearly 10.8% of total area. The population of Donvale in 2016 was 12347 people. By 2021 the population was 12644 showing a population growth of 2.4% in the area during that time. The predominant age group in Donvale is 50-59 years. Households in Donvale are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Donvale work in a professional occupation.In 2021, 80.10% of the homes in Donvale were owner-occupied compared with 80.50% in 2016.
Donvale has 5,589 properties. Over the last 5 years, Houses in Donvale have seen a 19.03% increase in median value, while Units have seen a 14.16% increase. As at 28 February 2026:
- The median value for Houses in Donvale is $1,649,970 while the median value for Units is $898,349.
- Houses have a median rent of $800 while Units have a median rent of $640.
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