Longstanding Dental Practice, Over 20+ Years

Burgess Rawson is pleased to offer to the market Dr George Panagiotopoulos located at 67 Wilfred Road, Ivanhoe East VIC for sale via our Investment Portfolio Auction 163.

This opportunity has the following key investment highlights:

+Renewed 7 year lease to 2028, plus further options through to 2049
+Dr George Panagiotopoulos: Established and proven dental practice for over 20+ years with an established client base.
+Rare 4% fixed annual rent increases, ensuring future rental growth.
+Landlord friendly net lease terms with the tenant responsible for all usual outgoings.
+Strategic 585sqm* freehold corner site with ROW access and providing future development potential STCA
+Located directly opposite Ivanhoe East Primary School and adjoining Foodworks.
+Single tenanted investment requiring minimal management.
+Easily accessible via Lower Heidelberg Road, servicing on average 23,000 vehicles on average daily.**
+Surrounded by other medical providers including Ivanhoe East Veterinary Hospital, pharmacy & eyecare within 140*metres.
+Ivanhoe East: affluent Melbourne suburb with a median house price of $1,980,000 and only 13km from the Melbourne CBD***
+Net Income: $87,400* pa + GST

For Sale by Investment Portfolio Auction 163
10:30am AEST Wednesday 13 September 2023
Crown Casino, Melbourne

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

*approx.
**gap maps
***realestate.com