242-244 Springvale Road, Glen Waverley, VIC, 3150

This is one of the largest parcels of land (with income) to come to market in central Glen Waverley in many years. Savvy buyers know that few chances exist to secure assets like this.

Key tenant:

• Glen Waverley Medical Centre, with over 30-year legacy (one of the largest Medical Centres locally)

• Total Land Holding 1,503 sqm*

• Near new 5 year Lease plus options

• Premier 2-level medical centre

• AAA corner site opposite 'The Glen'

• Significant corner site with GRZ zoning, presenting the potential for additional levels of development.

• Exceptionally well-maintained two-story medical facility, with 12 consulting rooms and offering minor surgery services.

• Distinguished clinic with a prestigious 30-year legacy

• Secured a 5-year lease extension valid until April 2027, with options firmly in place until 2032

• Solidified with 4% annual rent increases on medical

• Tenant shoulders all standard outgoings

• Annual net income: $280,800 plus GST

This prominent freehold property graces a high-profile corner location. It boasts an expansive 40-meter main road frontage, accommodates 22 parking spaces, and witnesses a daily traffic volume of 55,000 vehicles.

It is precisely positioned right across from the newly rejuvenated 'The Glen' shopping centre, boasting a remarkable valuation of $490 million, and the eye-catching $450 million multi-tower Sky Garden residential development.

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

Will Jonas - 0422 883 011

OR

Ryan Trickey - 0400 380 438

*All areas and figures approx only. All boundaries are indicative only. All precautions have been taken to ensure all information is correct, but this does not constitute any representation by the Vendor or Agents.

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