1 Dickinson Ave, Croydon NSW 2132

Located on a prominent landmark position occupying approximately 1600sqm, this unique traditional lodge boasts an exquisite balance of historic grace and modern functionality. The property operates on an approved existing use as low cost accommodation for senior living. The building consists of 30 furnished rooms including singles, doubles, and self contained accommodation with bathrooms.

This property is well maintained, with common facilities for all occupants including a large kitchen, shared laundry, a spacious dining / living area and a beautiful garden to admire.

Possibilities exist to add rooms to the property or convert it back to a nursing home for aged care. Managed by the real estate office for 11 years the property has performed consistently and has developed a trouble-free environment with a secure occupancy rate of 95%.
Croydon Station, cosmopolitan cafes and restaurants are just a stone's throw away. Situated in the Burwood municipality, the lodge is only one station from Burwood Westfield, a short walk to Ashfield shopping centre and approximately 15 minutes commute to the city by rail.

This positively geared property is an exceptional investment, an incredibly unique offering for the astute desiring a secure investment for their property portfolio or superannuation fund.

Auction venue: Barnwell Park Golf Club 551 Lyons Rd West Five Dock NSW