Realisation Sale | Trophy Corner Metro Medical Investment

402 South Road , Moorabbin VIC

Property Highlights

Metro Medical Investment
Leased to Bupa Dental
Corner High Exposure Freehold Site
Register to Bid

Description

Burgess Rawson is pleased to offer to market ‘Bupa Dental’ located at 402 South Road, Moorabbin VIC, for sale via Auction Investment Portfolio 167.

The property has the following key investment highlights:

+ Eighteen (18) year net lease to Bupa Dental to 2026.
+ Three (3) further 5 year options to 2041.
+ Bupa: international healthcare group servicing 43 million customers across 190 countries. (1)
+ Favourable annual CPI reviews.
+ Investor preferred net lease terms with tenant paying all usual outgoings (excluding insurance and land tax) as per lease.
+ Well-maintained 313sqm* dental clinic with impressive internal fit-out.
+ High profile 648sqm* South Road freehold corner site with exposure to 40,000 vehicles passing daily and 5 on title car parking spaces. (2)
+ Established dental clinic in operation 70+ years. (1)
+ Highly sought-after Moorabbin Activity Centre Zone (MACZ) site with development upside (potential for three storeys STCA) and positioned to benefit from the development of 1,800 new homes in the MACZ over the next 16 years. (3)
+ Situated in dominant medical precinct including Foot Centre Group, SuperValue Chemist, Chemist Warehouse, Moorabbin General Practice, and Holmesglen Private Hospital.
+ Conveniently located 50m* from Woolworths and 150m* from Clark Rubber and Harvey Norman. (2)
+ Moorabbin: affluent inner metro location, population forecast to surge 88% by 2041. (4)
+ Net Income: $319,423 pa* + GST (paid yearly in advance).

Realisation Sale must be sold.

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.

* Approximate
1 Bupa Dental
2 GapMaps
3 Change of Plan – Town Planning Services
4 Forecast.id

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
648 SQM
Building Area
313 SQM

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