Secure 5 Year Lease to Established National Medical Trials Clinic | 651sqm* NLA

Burgess Rawson is delighted to offer to the market, Neuroscience Trials Australia, for sale via Private Treaty.

The property has the following investment highlights:

+Neuroscience Trials Australia: an established full-service clinical research organization with over 20 years’ experience in neuroscience clinical research.
+Secure 5-year lease to 2025 plus (2) further (5) year options.
+Fixed annual 3.25% rental increases ensuring future growth.
+Attractive net lease terms with tenant responsible for all usual outgoings as per the lease agreement.
+Recently completed $380,000 modern, light and bright office fit-out.
+8 secure on-title car parking spaces.
+Private entrance with lift access.
+Positioned within Arden Gardens, a 299-apartment mixed use development, anchored by Woolworths Supermarket and 12 specialty stores.
+Macaulay Road: important arterial road with 17,900 vehicles passing daily**
+Close proximity to the $10 million Arden Street Redevelopment. (North Melbourne Football Club & Community Centre and just 2.6km from the Melbourne CBD).
+North Melbourne: median house price growth of 8.15% since July 2021. ***
+Estimated Net Income $306,435 (as of February 2023)

*Approx
**Gap Maps
***Realestate.com.au