An iconic City of Maroondah Aged Care and Retirement business will be one of the first Aged Care facilitates to be marketed for sale in 2021.
Blue Willows Residential Aged Care & The Willows Retirement Village located in the popular eastern suburb of Ringwood will be offered for sale via Expressions of Interest by CBRE’s Healthcare and Social Infrastructure team comprising Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Josh Twelftree.
One of the highest quality homes in the eastern region the facility is substantial in size with both oversized hallways and bedrooms and upon construction in the early 2000s was well ahead of it’s time.
Following a substantial capital injection into both business operations, facility renovations and branding concepts, and having maintained strong occupancy and consistent financial performance for the past 6 years, the property is well positioned to test the strength of the aged care market.
Marcello Caspani-Muto added “This is one of the highest quality supported residential services facilities the team has offered for sale with it’s standard comparable to many Government funded Residential Aged Care Homes. Of even further intrigue is the inclusion of the twenty surrounding DMF retirement units. The integration and services offered to both these residents and the residents within the wider home means true ageing in place care is possible. A model which is only becoming more popular in the modern day this shows how truly ahead of it’s time the facility was upon construction.
The business is registered for 58 Beds of which all are single rooms with en-suites and a further 20 retirement village units (ILU’s) which surrounded it’s perimeter.
The property will be sold via Expressions of Interest closing on Thursday the 21st April at 2:00pm.
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