High Profile Metro Day Hospital & Medical Centre

493 Ballarat Road , Sunshine VIC

Property Highlights

Land rich 2,131sqm* site
60,000 vehicles passing daily*
11km* from Melbourne CBD

Description

Burgess Rawson is pleased to offer to the market 493 Ballarat Road, Sunshine VIC for sale via Expressions of Interest.

The property has the following investment highlights:

+ Ten (10) year lease to 2027 plus five (5) further five (5) year options to 2052
+ Dr Gastroenterology & Dr Scope: Melbourne’s leading gastroenterology and hepatology practice specialising in Endoscopy and procedures of the Gastrointestinal tract
+ Land rich 2,131sqm* freehold site with exposure to 60,000+ vehicles passing daily*
+ Favourable ‘Activity Centre Zone 1’ zoning, allowing for buildings up to 8-9 storeys (30 metres)
+ State-of-the-art 1,000sqm* day hospital with important 21 on-site car parks
+ Tenant pays outgoings as per the lease
+ Strong and certain rental growth with fixed annual, compounding 3% increases
+ Located 250 metres from Vicinity-owned Sunshine Marketplace, a single supermarket and DDS shopping centre anchored by Woolworths and Big W, complemented by over 50 specialty stores
+ Surrounded by complementary national retailers Bunnings, Woolworths, Coles, ALDI, Dan Murphy’s, JB Hi-Fi, McDonald’s, KFC, Hungry Jack’s and Big W, all within 1km*
+ Melbourne’s 2nd largest LGA, the City of Brimbank, generates $20.617 billion in annual economic output with an estimated 68,126 jobs in the area
+ To support the City of Brimbank’s growing population, building approvals have increased by 63% to $846 million since FY2021
+ Sunshine: strategic metro Melbourne location just 11km* west of Melbourne CBD, population forecast to grow 67.3% by 2041
+ Net Income: $528,544 pa* + GST

For sale via Expressions of Interest closing Wednesday 27 March 2024 at 4pm AEDT (if not sold prior).

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
2,131 SQM
Building Area
1,000 SQM

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