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Rare Affordable Metro Medical/Dental Investment

Shop 3/11-17 Pearcedale Parade, Broadmeadows VIC

Property Highlights

Brand New 10 Year Lease To 2029

Annual Fixed 3.5% Increases

Capital Intensive Tenant Fit-Out

Description

Brand new 10 year lease to 2029 plus options to 2039.
Annual fixed 3.5% rent increase assuring growth.
Tenant pays all usual outgoings as per lease.
10 specialist branches across VIC and SA – In operation since 2009.
Specialised practice with capital intensive fit-out in 2010: circa $600,000.
Impressive 170 sqm retail space with 2 car parks on-title.
High traffic location, situated within 100m of Broadmeadows Central including national retailers Big W, K-Mart, Woolworths, Commonwealth Bank & Hoyts.
Single tenanted minimum management investment.
Broadmeadows: Located 16kms north of the CBD within Melbourne’s northern growth corridor. Population is forecast to grow 81.19% by 2041 (forecast.id).
Rent: $90,000 pa

Auction 11am AEST Wednesday 15 May 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical Centre;Retail
Land Size
170 Squaremeter
Gross Building Area
170 Squaremeter

Contact Agents

Beau Coulter

0413 839 898

Jamie Perlinger

0413 860 315

Raoul Holderhead

0413 860 304

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