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Specialist Medical Facility, 1156 Padman Drive, ALBURY, NSW, 2640

+9 Photos

+11 Photos

SOLD

Specialist Medical Facility, 1156 Padman Drive, ALBURY, NSW, 2640

Properties / Sold / New South Wales / Albury

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1,829 m² (*approx)

Floor Area

510 m² (*approx)

Property Type

Offices, Retail, Child/Healthcare

Sub-type

Health Care & Medical, Office Suites, Mixed Use, Consulting Rooms

Show All

2. Property Highlights

Immaculate Specialist Medical Freehold Investment Next to Private Hospital

New 5+5+5 year lease
Favourable net lease terms
Fixed 3% rent increases

Brand new 5+5+5 year lease to 2036.

Important medical facility occupied by a strategic network of cardiac, orthopaedic, plastic and reconstructive surgeons.

Highly sought-after, set-and-forget medical investment.

Landlord-favourable net lease terms with tenant responsible for Council Rates, Water Rates, Insurance and Land Tax.

Strong and certain rental growth with compounding, annual 3% rent increases.

Immaculately presented, 510sqm modern medical facility including specialist consulting and minor procedure rooms.

Strategically located in key medical precinct adjoining Albury Wodonga Private Hospital (Ramsay Health) and nearby Albury Day Surgery, Dorevitch Pathology and Urologist.

Albury/Wodonga: booming 100,435 population with 18.5% median house price growth since 2019.

Estimated Net Income: $193,800pa + GST.

For Sale by Investment Portfolio Auction

11am (AEST) Tuesday 28 September 2021

Contact Agents

Burgess Rawson

Billy Holderhead 0422 817 696

Beau Coulter 0413 839 898

Rhys Parker 0451 101 042

Natalie Couper 0413 856 983

LJ Colquhoun Dixon

Andrew Dixon 0417 516 531

Remember to mention you found this property on CommercialReady.com.au