Proven Fernwood Health Centre- 10 year lease to 2031

Shop 7/1866 Princes Highway, Clayton VIC

Property Highlights

Excellent Highway Frontage & Exposure
Tenant pays all usual outgoings
Fixed compounding 3% annual increases
Register to Bid

Description

– 10 year lease plus option to 2031
– Fixed compounding 3% annual increase
– Lessee pays all usual outgoings as per the lease
– 1,064sqm premises including 200sqm mezzanine
РMonash Central Square: Established centre with retailers Autobarn, Pet barn, Zone Bowling, Nando’s & Fernwood
– Princes Highway frontage of 200+ metres with 67,000 Vehicles passing daily
– Important 180 car spaces on title
– Located directly opposite the new M-City Monash Development including Woolworths, K Mart, Medical, Residential & Park Royal Hotel
– Central amongst Ikea, Dan Murphys, Harvey Norman, Bunnings, Dulux & BWS
– City of Monash: Thriving inner city area serviced by a retail trade catchment forecast to grow to over 1.3 million residents by 2035
– Fernwood: Successful female only health clubs with over 70,000 members across the nation
– Rent: $281,477 pa + GST

For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1 SQM
Building Area
1,064 SQM

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