64-66 Mccrae Street Swan Hill VIC 3585

An exceptional opportunity to acquire and develop a strategically located site in the heart of Swan Hill's healthcare precinct, delivering purpose-built key worker accommodation in partnership with Swan Hill Rural City Council and Swan Hill District Health.

Offered for sale by Expression of Interest, this unique development opportunity invites experienced developers and investors to deliver a high-quality accommodation facility designed to support the attraction and retention of essential healthcare professionals in the region.

The preferred development comprises approximately 25 self-contained apartments, primarily configured as one-bedroom accommodation with flexibility to incorporate a number of two-bedroom units or adaptable interconnecting apartments to meet varying workforce requirements.

Subject to an acceptable development proposal, Swan Hill District Health has indicated its willingness to negotiate a long-term leasing arrangement over the completed development, providing the opportunity for a secure and sustainable investment.

Investment Highlights:

• Strategic development site located within Swan Hill's established health precinct.
• Offered for sale on behalf of Swan Hill Rural City Council.
• Purpose-built key worker accommodation development opportunity.
• Preferred development of approximately 25 self-contained apartments.
• Majority one-bedroom apartments with flexibility for two-bedroom or interconnecting configurations.
• Minimum onsite parking requirement of one car space per apartment.
• Indicative long-term lease opportunity with Swan Hill District Health.
• Proposed lease structure of 10 years plus two further 5-year options, subject to negotiation and execution of formal agreements.
• Flexible leasing model, including either a whole-of-building triple net lease or leasing of individual apartments as required.
• Opportunity to deliver essential regional infrastructure supporting healthcare workforce growth.

Expressions of Interest should include:

• Proposed purchase price for the land.
• Detailed development proposal, including concept plans, site layout and preliminary design.
• Proposed apartment mix and accommodation schedule.
• Construction methodology and indicative project timeline.
• Evidence of financial capacity and funding.
• Demonstrated experience delivering comparable residential or accommodation developments.
• Details of the proposed project team, consultants and builder (where appointed).
• Proposed Lease Terms

The successful proposal will be assessed on a combination of purchase price, design quality, suitability of the proposed development, demonstrated delivery capability, financial capacity, project timeframe and alignment with the accommodation objectives of Swan Hill District Health and Swan Hill Rural City Council.

This represents a rare opportunity to partner with local government and a major regional health service to deliver a landmark accommodation project that will provide lasting economic and community benefit while creating a high-quality institutional investment asset.

For a copy of the Developer Information Memorandum, Expression of Interest documentation or to arrange further discussions, please contact Michael Klomp at Graeme Hayes Real Estate.

Expression of Interest Closing Date: 31st August 2026.