Brand New 7 Year Lease to Australian Health Care Giant | Hospital Network Support Centre

Burges Rawson are pleased to offer to the market, St John of God Hospital Network Support Centre, Ballarat (Wendouree) VIC for sale via our Investment Portfolio Auction 166.

The property has the following investment highlights:
+ Brand new 7 year lease to St. John of God to 2031 with 2 further 5 year options to 2041.
+ St. John of God Health Care: One of Australia’s largest Catholic not-for-profit health care organisations with 27 hospitals across Australia and New Zealand.**
+ Landlord friendly net lease structure with the tenant responsible for all usual outgoings including land tax.
+ Tenant in long term occupation of the building since 2007.
+ Strong and certain income growth with fixed annual, compounding 3% increases.
+ Significant industrial facility of 1,503sqm* incorporating 2 level office, warehousing, hardstand with 30 car spaces on title.
+ Prime 4,144sqm* Industrial 1 Zoned (IN1Z) freehold site featuring 40m* frontage to Grandlee Drive and dual crossovers for unrivalled site access.
+ Located within one of Ballarat’s established industrial hub with direct access to Ballarat Link Road, Midland Highway, Western Freeway and Sunraysia Highway linking Ballarat to Melbourne and Adelaide.
+ Position perfect surrounded by national businesses including Mainfreight, McCains Food, Mars Chocolate Factory, UGL and the pre-eminent $30million Ballarat Western Employment Hub that includes an Intermodal Freight Hub.
+ Ballarat: Capital of Western Victoria with population forecast to surge 20% to 142,624 by 2036***.
+ The City of Ballarat boasts an annual economic output of $20 billion, **** with 9,729 businesses in the region supporting 57,126 local jobs. *****
+ Potential 50% stamp duty saving.
+ Net Income: $217,867 pa* + GST

To be sold via Investment Portfolio Auction 166
10:30am (AEDT) Wednesday 21 February 2024
River Room, Crown Casino, Melbourne

*Approx
**St John of God
*** Forecast.id
**** REMPLAN
***** Economy.id