Burgess Rawson from CBRE is pleased to offer to the market the Supported Independent Living (SIL) facility located at 31 Killingholme Drive (Cnr Waltham Drive), Mornington VIC 3931 for sale via our Investment Portfolio Auction 180.

The property has the following key investment highlights:

+ Ten (10) year lease to ACARES to 2031 (circa 5.5 years remaining).
+ Two (2) further Ten (10) year options to 2051.
+ ACARES: subsidiary of Zenitas Healthcare, ACARES is a leading Australian provider of disability, aged care, and health services.
+ Land rich 691sqm* corner site with important 28.88m* dual frontage and exposure to Killingholme Drive and Waltham Drive.
+ Fixed, annual 3.5% rent increases.
+ Land tax exempt investment opportunity.
+ Tenant is responsible for all usual outgoings including rates and insurance premiums.
+ Conveniently positioned just 700m* from Mornington’s premier industrial precinct (Chemist Warehouse, Coles, Beaumont Tiles, Tools, BMW, Mercedes-Benz, Audi) and 850m* from the Woolworths and Dan Murphy’s anchored Bentons Square Shopping Centre.
+ The property is located in a high-density residential area, within close proximity to a range of complementary essential service amenities including Beleura Private Hospital, The Bays Hospital and Bentons Lodge Nursing Home.
+ Premier education precinct with access to 8 schools including 6,425 total primary and secondary school enrolments within 3km. (1)
+ Gateway to Portsea, Sorrento and the Mornington Peninsula, one of Victoria’s leading tourism destinations and booming drive-holiday market with domestic & international overnight spend totalling $1.8 billion.(2)
+ Mornington: affluent seaside south-east Melbourne location with a median house price of $1,072,000. (3)
+ Mornington Peninsula: Home to 171,450 people, Mornington Peninsula supports 62,311 jobs and has an annual economic output of $23.646 billion. (4)
+ Net Income: $86,515 pa* (as at December 2025).

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 22 October 2025
Garden Room – Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

Sam Mercuri
0413 830 709
smercuri@burgessrawson.com.au

Rick Jacobson
0413 830 083
rjacobson@burgessrawson.com.au

* Approx
1. GapMaps
2. Mornington Peninsula Shire
3. realestate.com.au
4. REMPlan