Brand New 10 Year Net Lease | Purpose-Built Medical Facility

1046 Howitt Street , Wendouree VIC

Property Highlights

Established Tenant of 20+ Years
Situated in Dominant Medical Precinct
Potential 50% Stamp Duty Saving
Register to Bid

Description

Burgess Rawson, in conjunction with Colliers Ballarat, are pleased to offer to market ‘Lake Health Group’ located at 1046 Howitt Street, Wendouree (Ballarat) VIC, for sale via Auction Investment Portfolio 167.

The property has the following key investment highlights:

+ Brand new Ten (10) year net lease to Lake Health Group to 2034.
+ Two (2) further 5 year options to 2044.
+ Lake Health Group: leading allied health clinic, servicing the local Ballarat community for more than 20 years.**
+ Fixed 3% annual rent increases, ensuring income growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per the lease.
+ Immaculate 507sqm* purpose-built allied health clinic incorporating 12 consulting rooms and a large open plan rehabilitation gym.
+ Significant 40% potential depreciation in year 1 of ownership.
+ Established tenant of 20+ years.
+ Substantial 1,206sqm* freehold site with 16 on-title car parking spaces.
+ High profile Howitt Street position with 20,000 vehicles passing daily.****
+ Situated in dominant medical precinct amongst Ballarat Community Health, Lake Imaging, Ballarat Day Procedure Centre, Bupa Dental and Sovereign Radiology.
+ Ballarat: capital of Western Victoria with population forecast to surge 19% to 142,624 by 2036.*****
+ Potential 50% stamp duty savings.
+ Outlined in the Australia Government Health Budget for 2022/23, the healthcare market has seen an increase in capital highlighted by a $105 billion investment, representing 16.8% of the Australian Government’s total Expenditure.******
+ Net Income: $157,558 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.
** Lake Health Group
*** J Mathew Advisory
**** GapMaps
***** forecast.id
****** Parliament of Australia

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
1,206 SQM
Building Area
507 SQM

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