Strategic Elsternwick Medical Clinic with Brand New 15 Year Lease

Description

Brand new 15 year lease plus options secured by 6 month bank guarantee.
Multi-disciplinary medical clinic, established on site for 10 years.
Irreplaceable permit for 365 day trade and 17 medical practitioners.
1,340sqm* Kooyong Rd corner site directly opposite Caulfield Hospital with 22 car spaces.
Set-and-forget, net lease terms with the tenant responsible for council rates, water rates, building insurance, public liability insurance, repairs and maintenance.
Annual fixed 3% rent increases provide strong and certain growth.
57% of year 1 rent potentially tax free (1) after recent state-of-the-art, $1.6 million upgrade and extension.
11% forecast population growth by 2036 (2) and median family income 32% above the national average (3).
Net Income: $474,554 pa* + GST

To be Sold by Investment Portfolio Auction
10.30am AEST Wednesday 14 September 2022

*Approx
1. JM Advisory
2. .id
3. ABS

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Contact agents
Billy Holderhead Partner
0422 817 696
Matthew Wright Partner
0458 290 588
Zomart He Partner
0488 220 830
Enquiry Form

Elsternwick, VIC

289-291 Kooyong Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 155

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