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2. Property Highlights

Long Standing Specialist Healthcare Investment Leased to National Operator
  • Leased to I-MED Radiology Network
  • Purpose-built 570sqm* radiology clinic
  • Rare annual 5% fixed increases

JLL Healthcare & Life Sciences have the exclusive privilege of offering for sale this purpose-built healthcare investment I-Med Bundoora, at 111-115 Plenty Road, Bundoora.

Key details of this key social infrastructure asset include:

+ Leased to market-leading operator I-MED Radiology Network with over 230 clinics nationally

+ Established 570sqm* radiology clinic with at-grade car parking for 37 cars

+ Current net rent $285,407 per annum* + GST & Outgoings (as at 1 Jul 2024)

+ Annual fixed 5% rental increases

+ Well-established clinic with lease options until July 2030 and over 30 years of operating experience in the local community

+ Significant Residential Growth landholding of 2,299sqm*

+ Over 54 metres* of high profile frontage to Plenty Road providing optimal exposure with 40,000-45,000^ cars passing daily\

+ First time offered in 32 years!

+ Positioned moments away from Bundoora Square, unpinned by leading retailers including Woolworths, Coles, Australia Post, Chemist Warehouse and more

+ Rising utilisation of healthcare services due to increased government funding which is focused on making healthcare more affordable and accessible

+ Australia spent an estimated $241.3 billion on health goods and services in 2020 – 2021 – this is an average of approximately $9,365 per person ^^

*Approx.

^ VicRoads

^^ Trade Area Analysis Report 2021

I-Med Bundoora is For Sale by International Expressions of Interest closing Wednesday 20 March at 2pm

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

Mark Stafford | 0404 401 053

Simon Quinn | 0409 261 276

MingXuan Li 李名 轩 | 0498 688 998

Remember to mention you found this property on CommercialReady

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3. Property Location

111-115 Plenty Road, Bundoora, VIC, 3083

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111-115 Plenty Road, Bundoora, VIC, 3083 Bundoora
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