Entry Level Healthcare Investment Leased to Leading National Provider

Description

Burgess Rawson are pleased to offer to market ‘Mercy Health’ located at 18 Humffray Street North (Cnr Victoria Street), Ballarat VIC for sale via Auction Investment Portfolio 170.

The property has the following key investment highlights:

+ Renewed Five (5) year net lease to Mercy Health to 2029.
+ Mercy Health: leading national not-for-profit health care provider of hospitals, aged care, home care and retirement living, with a rich history spanning 100+ years and a current national workforce of 10,000+ employees.(1)
+ Investor preferred net lease terms with Mercy Health paying all usual outgoings as per the lease.
+ Annual CPI reviews.
+ Modern 247sqm* commercial/retail building with tenant-funded fit-out.
+ Prominent gateway 434sqm* corner site with 45m* dual street frontage and provision for 9 car spaces provided on title.
+ High profile Victoria Street position with 17,100 passing vehicles daily.(2)
+ Absolute CBD location with McDonald’s, Woolworths, Coles (Victoria St & Peel St), Petstock, Australia Post, Dan Murphys, Big W, and JB Hi-Fi all within 375m.*
+ Ballarat: capital of Western Victoria with population forecast to surge 34% to 164,365 by 2046.(3)
+ Surrounded by important social infrastructure, including 23 schools within 2km servicing a combined 9,863 students.
+ The City of Ballarat boasts a gross regional product of $7.69 billion, (4) with 9,952 businesses in the region supporting 62,005 local jobs. (4)
+ Potential 50% stamp duty savings.
+ Net Income: $78,804 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 7 August 2024
Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

*Approx.
1 Mercy Health
2 GapMaps
3 forecast.id
4 Economy.id

Enquire

Contact agents
Jamie Perlinger Head of Agency | Partner
0413 860 315
Sam Mercuri Sales Executive
0413 830 709
Enquiry Form

Bakery Hill, VIC

18 Humffray Street North

For Sale by Portfolio Auction
Wednesday 7th August 10:30AM Crown Casino - River Room - Melbourne

This property is part of Portfolio 170

Price: Contact Agent

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