A former residential aged care facility owned by St Basil’s NSW / ACT in the inner west Sydney suburb of Annandale is being offered for sale for the first time, according to realcommercial.com.au.
Real Commercial has reported that the property at 252 Johnston Street, Annandale is listed for sale with a $20 million price guide, and proceeds from the sale will be donated to charity and reinvested into the community.
A spokesperson from St Basil’s told The Daily Telegraph that funds from the sale would be directed towards the refurbishment of their five existing aged care facilities across Sydney and the ACT.
“The proceeds from the sale of the Annandale property will be used to provide its residents and clients with an enhanced experience through the restoration of its facilities, as well as to support the expansion of services that enable St Basil’s to reach more ageing Australians in need,” the spokesperson said.
The sale of the property comes after the former aged care facility was shut down in September 2022.
At the time, the Chairman of St Basil’s NSW / ACT, James Jordan, said the building, which was built in the 1970s and formerly known as Sister Dorothea Village, was “no longer fit for purpose.”
The property will now be offered for sale in June 2023 via a public auction.
READ MORE: St Basil’s NSW/ACT CEO Spiro Stavis resigns.
Source: realcommercial.com.au.
