New State-of-the-art Victorian Hospital acquired for our client!

Located 11km west of the Melbourne CBD, this prime asset has exposure to 60,000 vehicles passing daily.

Part of a high-growth corridor in Melbourne’s west, the property offers an incredible opportunity in social infrastructure and medical investment. Previously sold on leaseback, it’s home to Melbourne’s leading gastroenterology and hepatology practice

The property has secure 10-year leases extending to 2052 and annual 3% rent increases. The tenant covers all building outgoings (except land tax) and offers personal guarantees. Located just 250 meters from Sunshine Marketplace and surrounded by top national retailers like Bunnings, Woolworths, Coles, ALDI, and more, this property boasts unbeatable connectivity and amenities. With zoning supporting future development up to 30 meters (8-9 storeys), the long-term potential is endless.

Key Highlights:

– Net income of $526,295 annually, yielding 6.3%
– 10-year leases with options to 2052
– State-of-the-art day hospital – 1,000sqm with 21 on-site car parks
– Excellent frontage to busy main road, 60,000 cars daily
– Landholding of 2131sqm, zoning for up to 8-9 storey development
– Annual 3% increases for consistent growth
– Great depreciation benefits, reducing tax payable

Building Type: Industrial

More properties