Generational Inner City Freehold Leased to ASX Listed Medical Giant

84-88 Bridge Road , Richmond VIC

Property Highlights

Rare Metro Melbourne Medical Investment
20 Year Lease to 2035 + options
Net Income: $1,520,890 pa* + GST
Register to Bid


Burgess Rawson is pleased to offer to the market 84-88 Bridge Road, Richmond VIC for sale via our Investment Portfolio Auction 167.

The property has the following investment highlights:

+ 20 year lease to 2035 plus options to 2060
+ Lumus Imaging: subsidiary of ASX listed Healius Ltd with a market cap of $947 million, employing 10,500+ people with 2,250 locations nationally
+ Guaranteed compounding rental growth with fixed 3% annual rent increases
+ Net lease structure with the tenant paying all outgoings including land tax (as per the lease)
+ Modern three level 1,227sqm* medical facility with major capital-intensive fit-out offering CT, MRI, Ultrasound, PET/CT, Nuclear Medicine, E-Ray, Nuclear Imaging, Pathology amongst many other services.
+ On-grade parking for 21 vehicles
+ Prime 1,054sqm* Commercial 1 zoned corner site with high underlying land value
+ Highly strategic location neighbouring Epworth Richmond Private Hospital, 627 Beds, 29,000 Annual Emergency Patients
+Richmond: City fringe location only 1.5km from Melbourne CBD, within proximity to the MCG, AAMI Park and abundant café and culinary options along popular Bridge Road
+ Net Income: $1,520,890 pa* + GST

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.


Property Details

Current Tenant
Occupancy Type
Land Size
1,054 SQM
Building Area
1,227 SQM


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