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238 Springvale Road, GLEN WAVERLEY, VIC, 3150

2. Property Highlights

Golden Corner Opposite 'The Glen' Shopping Centre, 50,500 Vehicles Passing Daily
  • New 5 year Lease plus options
  • Well presented 2 level medical clinic
  • AAA corner site opposite 'The Glen'

+Established clinic specialising in women’s health and IVF for over 25 years

+Secure new 5-year lease to 2027 plus options to 2037

+Situated directly opposite the $490m redeveloped ‘The Glen’ shopping centre and the $450m multi-tower Sky Garden residential development

+Well presented 2 level medical facility incorporates 4 consulting rooms and Melbourne Pathology

+High profile freehold corner with 50m frontage, 10 car spaces and 55,000 vehicles passing daily

+Corner site zoned GRZ8 with DDO12 allowing up to 4 levels upside potential

+Fixed 3% annual rent increases

+Tenant pays all usual outgoings

+Net income: $194,145 pa + GST

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 3 August 2022

Crown Casino - River Room

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3. Property Location

238 Springvale Road, GLEN WAVERLEY, VIC, 3150

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4. Due Diligence

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