REHAB HOSPITAL
Posted on 28 February 2025
Retirement village developer and operator Arcare has snapped up the former Brighton Rehab hospital for more than $20 million.
Records show the property at 85-93 Wilson Street and houses at its rear on Alverna Grove were sold off-market shortly before Christmas in an off-market deal.
The 5973 sq m site, zoned neighbourhood residential 3, was sold with vacant possession. It’s understood the buyer was an under-bidder last year for the Marine Hotel, which was sold by the same agents. Gorman Commercial’s Peter Bremner and Jonathon McCormack with Vinci Carbone’s Joseph Carbone and Frank Vinci declined to comment. Buxton Group’s Richard Buxton paid around $23 million for the 4670 sq m Marine Hotel site at 199-215 New Street.
Records show the property at 85-93 Wilson Street and houses at its rear on Alverna Grove were sold off-market shortly before Christmas in an off-market deal.
The 5973 sq m site, zoned neighbourhood residential 3, was sold with vacant possession. It’s understood the buyer was an under-bidder last year for the Marine Hotel, which was sold by the same agents. Gorman Commercial’s Peter Bremner and Jonathon McCormack with Vinci Carbone’s Joseph Carbone and Frank Vinci declined to comment. Buxton Group’s Richard Buxton paid around $23 million for the 4670 sq m Marine Hotel site at 199-215 New Street.