Purchased

A Medical investment opportunity in Victoria

 

Situated in the heart of a thriving economy, this two-level freestanding building has a 5-year lease plus option until 2032 providing excellent stability! The lease features CPI increases, and the tenant is responsible for all outgoings.

Our client was able to take advantage of the State Government’s 50% discount on stamp duty. This investment not only taps into the thriving regional economy but also aligns with the highly sought-after investment class of ‘medical.’ The property recently underwent a $1.3 million renovation, enhancing its appeal and offering excellent depreciation benefits. Currently significantly under-rented, when compared to few other similar freehold buildings on this busy road. This provides excellent security with the tenant, but also the opportunity capital growth upside at the market review in 2027.

Building Type: Medical

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