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SOLD
Capital Radiology, 151-153 Furlong Road, ST ALBANS, VIC, 3021
Tenanted Investment
DETAILS
Premium Essential Service Medical Investment Opposite Sunshine Hospital
  • Renewed 5-year lease  
  • Tenant on-site 20+ years  
  • Fixed 4% rent increases   

+ 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

Cameron.

Ed Cooper 0410 529 921

Ben Cooper 0425 767 677

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

PROPERTY SUMMARY
Auction:
Price on Request
AUCTION DATE:
28 Sep 2021 11:00AM
Land Size:
1062 m² (*approx)
Type:
Offices, Child/Healthcare, Land, Health Care & Medical, Office Suites, Consulting Rooms, Health Care & Medical, Office Suites, Consulting Rooms
Tenanted Investment:
Premium Essential Service Medical Investment Opposite Sunshine Hospital
LOCATION
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