High Yielding ASX-Listed Medical Investment | Established Business of 50+ Years

1 Messmate Street , Lalor VIC

Property Highlights

Metro Melbourne Location
Renewed lease plus option to 2030
Situated in Key Medical Precinct
Register to Bid


Burgess Rawson is pleased to offer to market ‘Sonic Healthcare’ located at 1 Messmate Street, Lalor VIC, for sale via Auction Investment Portfolio 167.

The property has the following key investment highlights:

+ Renewed Four (4) year lease plus option to 2030.
+ Sonic Healthcare Ltd (ASX:SHL): internationally renowned and world leading healthcare provider, employing more than 17,100 medical practitioners and with a current market cap of $13.9 billion.**
+ Annual CPI rent reviews, ensuring income growth.
+ Minimal management investment with head lease to Sonic Healthcare.
+ Multi-level purpose-built medical centre incorporating medical consulting rooms, pathology, and physiotherapy.
+ Triple fronted 627sqm* freehold site with huge 69.8m* frontage and access to 5 on-title car parking spaces.
+ Longstanding business on-site 50+ years commencing in 1973, boasting substantial patient base and being the local area’s medical provider of choice.
+ Situated in dominant medical precinct opposite Lalor Community Pharmacy, Stella, Dental, Thomastown Dental Surgery, and within proximity to Northern Hospital Epping.
+ Conveniently located 180m* from both Coles and Woolworths.
+ Lalor: northern metropolitan location, home to 24,000+ residents and only 16 kilometres from the Melbourne CBD. ****
+ Net Income: $235,451 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 27 March 2024
Crown Casino, Melbourne

Bidder registration required, register here.

Please contact the exclusively appointed sales team for more information.

** Sonic Healthcare
*** ASX
**** Forecast.id

Property Details

Current Tenant
Occupancy Type
Land Size
626 SQM
Building Area

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