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
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Description

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.

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
626 SQM
Building Area
1 SQM

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