Purchased

Rare medical asset with long-term upside

  • Net annual income of $72,100p.a + GST (this is after rental management and land tax)
  • High levels of daily vehicular traffic
  • New fit-out completed 2021
  • 3+3+3 year net lease

Building Type: Retail
Building Area: 340m2

Land Area: 832m2
WALE: 2

This was a rare chance to purchase an entry-level freehold investment off-market. The property is located in an area surrounded by many of the biggest brands (McDonalds, Aldi, Woolworths, Hungry Jacks, Big W, Pizza Hut, KFC, etc.) We believe this investment is under-rented, which implies long-term upside. Our Australian clients living abroad sought a secure, low-maintenance investment. This cost-effective freehold commercial property was ideal, as the rents were below market value, providing potential for increased returns when the lease expires.

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