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

Description

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.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
1,054 SQM
Building Area
1,227 SQM

Price

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