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289-291 Kooyong Road, ELSTERNWICK, VIC, 3185

+14 Photos

+16 Photos

SOLD

289-291 Kooyong Road, ELSTERNWICK, VIC, 3185

Properties / Sold / Victoria / Elsternwick

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1,340 m² (*approx)

Floor Area

513 m² (*approx)

Property Type

Child/Healthcare, Offices, Land, Retail

Est. Income

$474,554 p/a

Show All

2. Property Highlights

Strategic Elsternwick Medical Clinic with Brand New 15 Year Lease

Brand new 15 year lease on net terms
Multi-disciplinary health clinic
1,340 sqm* site with 22 car spaces

Brand new 15 year lease plus options secured by 6 month bank guarantee.

Multi-disciplinary medical clinic, established on site for 10 years.

Irreplaceable permit for 365 day trade and 17 medical practitioners.

1,340sqm* Kooyong Rd corner site directly opposite Caulfield Hospital with 22 car spaces.

Set-and-forget, net lease terms with the tenant responsible for council rates, water rates, building insurance, public liability insurance, repairs and maintenance.

Annual fixed 3% rent increases provide strong and certain growth.

57% of year 1 rent potentially tax free (1) after recent state-of-the-art, $1.6 million upgrade and extension.

11% forecast population growth by 2036 (2) and median family income 32% above the national average (3).

Net Income: $474,554 pa* + GST

To be Sold by Investment Portfolio Auction

10.30am AEST Wednesday 14 September 2022

*Approx

1. JM Advisory

2. .id

3. ABS

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