The Connault - A Truly Iconic Property in Victoria with Unprecedented Proportions
Marshall White in conjunction with CBRE Australian Healthcare & Social Infrastructure are pleased to present The Connault (41 Yarrbat Avenue, Balwyn). The jewel of Boroondara and one of the most significant, opportunities of the past decade. The Connault represents a true generational opportunity to occupy, reposition or value-add with existing improvements spread across four buildings of a combined 2,469sqm*.
Long-standing luxury retirement apartments, The Connault features an esteemed reputation having previously been operational for 40 rooms sized well above industry standard plus a number of well appointed communal areas. The quality of the existing improvements is not to be overstated with immediate suitability for a myriad of users including; Aged Care, Retirement, Healthcare, Residential, SDA/NDIS, Investment and more (STCA).
+ Land area of 5,027sqm* - One of the largest offerings within The City of Boroondara in the past decade
+ High-quality existing Retirement/ Residential Aged Care improvements previously operational for 40 Beds (all oversized rooms w/en-suites)
+ The Connault features a historically significant past dating back to 1930 and distinguished reputation within Melbourne's Eastern suburbs, with a sterling operational history spanning over 24 years
+ Significant potential to extend, reposition or refurbish with immediate scope for further Aged & Healthcare related usage. Concept reports as complete by Marchese Partners available upon request
+ Zoned General Residential - Schedule 4 and suited to a variety of end users including Retirement, Aged Care, Healthcare, Residential, Accommodation and more (STCA)
+ Positioned at the second highest point of Melbourne (measuring 118m* above sea level) and allowing uninterrupted skyline views
+ Existing building area of 2,469sqm* across four buildings and offered with vacant possession
+ A-grade parking for 21* vehicles across two separate parking bays (Front and Rear)
LOCATION
+ Premium placement within Yarrbat Avenue - one of Balwyn's most illustrious residential streets with an average sale price of $3,400,600 over the past 3 years
+ Blue-chip Balwyn location having seen median house price growth of 27%* since September 2020
+ Moments from the esteemed Boroondara Private School belt comprising Fintona, Strathcona, Camberwell Boys & Girls, Carey Baptist Grammar, Xavier College, Scotch College, Ruyton Girls School, MLC, Trinity College, Bialik College, Genazzano FCJ, Scotch College and more
+ A stone's throw to diverse amenity including, bustling cafes and restaurants plus a wide array of shopping and lifestyle amenity including Boroondara Sports Complex, Beckett Park, Whitehorse Road and Balwyn Road Retail Strips
+ Highly accessible location via car, bus or tram services and only 9km* to the Melbourne CBD
For further information including plans, please contact the exclusive sale and marketing agents:
Marshall White
Marcus Chiminello 0411 411 271
Sonja Sendin 0406 811 040
CBRE
Sandro Peluso 0418 389 757
Marcello Caspani-Muto 0417 065 777
Jimmy Tat 0439 399 118