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8 The Cloisters Street, St Ives NSW 2075

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$2M - $5M Medium Confidence Calculated based on our search observations.

House 8 Beds 6 Baths 2 Cars

Listed: yesterday

Overview

This specialist healthcare accommodation investment presents a unique opportunity within Sydney's sought-after Upper North Shore. Expertly refurbished in 2024, the two-storey residence has been thoughtfully converted to support healthcare functions, offering eight accommodation rooms alongside 5.5 modern bathrooms. The extensive renovations ensure comfort and functionality, accommodating the specific needs of residents while maintaining a residential feel.

The property is leased to a leading dementia care provider, known for operating over twenty homes across Metropolitan Sydney, securing reliable and professional tenancy. The lease arrangement is landlord-friendly, with net lease terms including CPI-based rent reviews, a five-year term with renewal options, and backed by a six-month bank guarantee, providing strong income security.

Outdoor amenities complement the property's attractiveness, featuring meticulously landscaped areas and a concrete swimming pool, enhancing the environment both aesthetically and functionally. Parking is well catered for with a double lockup garage, supporting staff and visitor access. Additionally, 24/7 onsite care services underscore the property's operational standards and care quality.

Its location near major retail centers, hospitals, transport links, and reputable schools situates the property firmly within an established family-oriented community, enhancing potential future growth and tenant desirability. This investment is ideal for those seeking a stable healthcare property with a strong lease and good facilities, aligning with investors focused on long-term secure rental income within a premium market segment.

Local Market Insights

In St Ives, Quiet Listings observed 16 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $3,584,676. The property type mix of listed properties is predominantly Houses at 67%, followed by apartments (29%), and townhouses (4%). The most active agency for houses in the St Ives area is currently Ray White, representing 50% of new listings, followed by Raine & Horne with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.