Immaculate Specialist Medical Freehold Investment Next to Private Hospital

1156 Padman Drive, Albury NSW

Property Highlights

New 5+5+5 year lease
Favourable net lease terms
Fixed 3% rent increases     
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Description

Brand new 5+5+5 year lease to 2036.
Important medical facility occupied by a strategic network of cardiac, orthopaedic, plastic and reconstructive surgeons.
Highly sought-after, set-and-forget medical investment.
Landlord-favourable net lease terms with tenant responsible for Council Rates, Water Rates, Insurance and Land Tax.
Strong and certain rental growth with compounding, annual 3% rent increases.
Immaculately presented, 510sqm modern medical facility including specialist consulting and minor procedure rooms.
Strategically located in key medical precinct adjoining Albury Wodonga Private Hospital (Ramsay Health) and nearby Albury Day Surgery, Dorevitch Pathology and Urologist.
Albury/Wodonga: booming 100,435 population with 18.5% median house price growth since 2019.
Estimated Net Income: $193,800pa + GST.

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

Contact Agents
Burgess Rawson
Billy Holderhead 0422 817 696
Beau Coulter 0413 839 898
Rhys Parker 0451 101 042
Natalie Couper 0413 856 983

LJ Colquhoun Dixon
Andrew Dixon 0417 516 531

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical Centre
Land Size
1,829 SQM
Building Area
510 SQM

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