492 Elgar Road, Box Hill, VIC, 3128

Gorman Commercial is delighted to offer this premium investment for sale by way of public auction on Thursday 25th June at 12pm on-site.

The property provides investors with the opportunity to acquire this purpose-built freehold, securely leased on a seven (7) year lease to Ambulance Victoria and located within the Box Hill medical precinct.

Key Highlights include:

• Secure & reliable income of $241,625 per annum + GST + Outgoings

• Extremely rare land tax exemption, whilst Ambulance Victoria are tenants, providing a huge benefit to Investors

• Seven (7) year lease term plus option

• A-Grade covenant leased to Government tenant – Ambulance Victoria

• Located within the Box Hill medical hub, underpinned by several medical institutions and hospitals including Box Hill Hospital (Eastern Health) and Epworth Eastern Private Hospital

• Box Hill Hospital

- 48,000 ­­­patients annually 

- An ambulance arrives at Box Hill Hospital roughly every 12 minutes

• Epworth Eastern Private Hospital

- Leading private hospital with 223 beds

- Brand new 14-story medical facility, part of major $162 million development

• Highly strategic location along Elgar Road and thoroughfare to major arterial routes in Eastern Freeway/Eastlink & Whitehorse Road providing direct access to major hospitals within the health precinct.

• Prominent corner land holding of 593sqm with excellent exposure and access/egress

Remember to mention you found this property on CommercialReady