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As New Bupa Dental Clinic Constructed 2018 | Significant Depreciation Benefits

1023 Howitt Street , Wendouree VIC

Property Highlights

Secure 5 year lease to 2027 plus option
Favourable annual CPI reviews
Tenant pays all usual outgoings
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Description

Burgess Rawson in conjunction with Colliers International are pleased to offer to the market the Bupa Dental Clinic in Wendouree (Ballarat) VIC for sale via our Investment Auction Portfolio 162.

The property has the following investment highlights:
+ Secure Five (5) year lease to March 2027 plus option to 2032.
+ Bupa: international healthcare group servicing 43 million customers across 190 countries. **
+ Leading dental clinic, winning the 2022 Bupa Clinical and Quality Award.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per the lease.
+ Favourable annual CPI rent reviews.
+ Immaculate 275sqm* clinic incorporating 5 surgery rooms, 2 consult rooms and sterilisation room.
+ Purpose built in 2018 already offering significant depreciation benefits with new 16.6kw solar system being installed in July.
+ High profile Howitt Street position with 20,000 vehicles passing daily. ***
+ Prime 1,373sqm* freehold site with important 16 on-title car spaces.
+ Situated in key medical precinct amongst Sovereign Radiology, Ballarat Group Practice and Ballarat Day Hospital.
+ Potential 50% stamp duty saving.
+ Ballarat: capital of Western Victoria with population forecast to surge 22% to 142,624 by 2036. ****
+ Net Income: $81,030pa* + GST

To be sold by Investment Portfolio Auction:
10:30am AEST Wednesday 2nd August 2023
Crown Casino, Melbourne VIC

* Approx
** Bupa
*** GapMaps
**** Forecast.id

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
1,373 SQM
Building Area
255 SQM

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