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Essential Service Medical Investment – Brand New 7 Year Net Lease

Shop 4B/1 Madden Boulevard , Tarneit VIC

Property Highlights

New 7 Year Lease to 2028
Tenant Pays All Outgoings
Fixed 3% Annual Increases

Description

+ Brand new 7-year lease to 2028 plus options to 2043.
+ Wellbeing Chiropractic: long proven operator with 33 clinics across metro Melbourne.
+ Landlord favourable, net lease terms with tenant paying all outgoings.
+ Annual fixed compounding 3% rent increases – ensuring rental growth.
+ Constructed in 2021, providing significant depreciation benefits.
+ Purpose built, state of the art 128sqm medical facility.
+ Abundant on site parking.
+ Surrounded by important social infrastructure, including 4 schools within 2km servicing a combined 4,174 full time students.**
+ Wyndham City: one of Australia’s largest growth areas – forecast population increase of 82% to 512,591 residents by 2041.
+ Net Income: $66,150* pa + GST

To be sold by Investment Portfolio Auction:?
10:30am AEDT
Wednesday 15 December 2021
Crown Casino, Melbourne

**GapMaps
*All areas and figures?approx?only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.?

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
128 SQM
Building Area
1 SQM

Contact Agents

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