Premium Essential Service Medical Investment Opposite Sunshine Hospital


+ Renewed Five (5) year lease to June 2026 – tenant on-site 20+ years.
+ No further options – Investors, Owner occupier or land bankers.
+ Situated within the state government’s Sunshine Health, Wellbeing and Education precinct including Sunshine hospital (recent $34m upgrade), $100m Sunshine Private Hospital (under construction), new Joan Kirner Women’s & Children’s Hospital and $51 million health teaching and training campus.
+ Capital Radiology: subsidiary of ASX listed Capitol Health Ltd, with 51 locations across VIC & WA.
+ Rare fixed annual 4% rent increases assuring growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings excluding Land Tax.
+ Well-presented clinic with capital intensive fit-out including 10+ specialist rooms and 13 on-title car parks.
+ Irreplaceable 1,062sqm site across two titles with important 32 metre frontage to Furlong Road.
+ Future development potential up to 4 levels STCA.
+ Highly sought after ‘essential service’ medical investment.
+ Easily accessible site within 400 metres of Western Ring Road, St Albans Road and Ginifer Train Station.
+ St Albans: 16kms from Melbourne CBD, with in the booming western population growth corridor of the Brimbank City Council expected to 16.8% to over 240,000 by 2041.
+ Estimated Net Income: $252,344 pa + GST.

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

Contact Agents
Burgess Rawson
Jamie Perlinger 0413 860 315
Beau Coulter 0413 839 898
Natalie Couper 0413 856 983

Ed Cooper 0410 529 921
Ben Cooper 0425 767 677

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Contact agents
Jamie Perlinger Head of Agency | Partner
0413 860 315
Beau Coulter Partner
0413 839 898
Enquiry Form

St Albans, VIC

151-153 Furlong Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 147

Contact agents