Medical Freehold with New 10 Year Lease to the Family Doctor
79 High Street , Wodonga VIC
Property Highlights
Description
Burgess Rawson and Dixon Commercial Real Estate are pleased to offer to the market, the Wodonga Medical Centre in Wodonga VIC for sale via our National Investment Portfolio auction 159.
This investment has the following key investment highlights:
Set-and-forget medical freehold investment.
Strategic 2,728sqm* site with 41 on-site car spaces and rear access via Church Street.
Immaculate 1,213sqm* facility built in 2010.
Long 6.8 year WALE.
Anchored by new 10 year lease to the Family Doctor (network of 80 clinics) and new 5 year lease to Marina Radiology (10 practices).
92% of rent from medical and Government tenants.
Capital intensive tenant fit-outs, including CT scanner and X-Ray.
Prime location within 200m* of Woolworths, Coles and Kmart.
Wodonga: robust economy with low vacancy rate and 16.2% house price growth since 2022 (1).
Significant tax depreciation benefits.
Potential 50% stamp duty saving.
Net Income: $292,129 pa* + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 29 March 2023
Crown Casino – River Room
* Approx
1. Realestate.com.au
Property Details