Purchased

Medical centre with a long lease

  • Current net rent: $191,695.92 per annum net + GST
  • Lease term: 10 year + 10 year option
  • Depreciation: over $52,000 in depreciation benefits this year!

Building Type: Retail
Building Area: 505m2

NLA: 1,102m2
WALE: 5

Rethink Investing’s acquisition team recently secured this commercial property off-market for our valued client. The asset was a strong-performing medical centre with a rare 10+10 year lease.

 

This is our clients’ first property with Rethink Investing. They were looking for a property that would perform in all economic conditions. Our clients wanted a newer building, so they didn’t have to plan for any major maintenance works in the near future. They also liked purchasing this off-market without competing with others in an auction-style environment.

 



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