Brand New 10 Year Net Lease to 2033 – As New, Purpose-Built Medical Facility

Burgess Rawson is pleased to offer to market ‘Country Hearing Care’ located at 203 Ontario Avenue, Mildura VIC, for sale via Auction Investment Portfolio 165.

The property has the following key investment highlights:

+ Brand new ten (10) year net lease to Country Hearing Care to 2033.
+ Two (2) further 5 year options to 2043.
+ Country Hearing Care: highly regarded gold-standard provider of hearing health care services, with a network of 15 locations across regional Australia.
+ Fixed 3% annual rent increases, ensuring income growth.
+ Tenant pays all usual outgoings.
+ As new, 429sqm* purpose-built medical facility, with 26 on-title car parking spaces.
+ Built 2018, offering modern infrastructure and significant tax depreciation benefits.
+ Strategic 1,532sqm* main road landholding positioned within Mildura’s dominant health precinct, opposite I-MED Radiology, Mildura Private Hospital, Mildura Base Public Hospital, Mildura Surgical Group & Monash Rural Health.
+ Conveniently located amongst Mildura’s commercial town centre and within close proximity from Woolworths, Kmart & Chemist Warehouse.
+ Mildura: bustling commercial centre of the Sunraysia and Murray River region home to over 60,000 people, with an annual economic output in excess of $6.64 billion.1
+ Potential 50% stamp duty savings.
+ Net Income: $108,000 pa + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne

*Approx.
1 Mildura Rural Regional City Council