 Asset Class: | Medical |
 Price: | $ 3650000 |
 Net Yield: | 5.83 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Medical Centre 291 presents a unique opportunity to acquire a freestanding primary care asset, comprising a reputable medical centre and allied health practice which has been providing services to the broader locale for over 20 years.<br><br>This compelling investment opportunity provides access to an essential service asset that is underwritten with a strong lease profile, an operator with a long and proven track record, and a large underlying landholding.<br><br>Positioned on Princes Highway and accessed via the service road, the centre provides exceptional signage and exposure to 19,000 daily passing vehicles, as well as convenient and easy patient parking. The 1,739sqm*<br>landholding offers 36 at-grade car parks and the potential for future expansion or redevelopment (STCA).<br><br>The centre is well positioned to capitalise on Melbourne’s rapidly evolving western region, with the City of Wyndham forecast to grow by 155,561 residents by 2046. Additionally, Medical Centre 291 is conveniently located near an abundance of complimentary amenity including Werribee Mercy Hospital, St Vincent's Private Hospital Werribee and the University of Melbourne – Werribee Campus.<br><br>Don't miss the chance to capitalise on this trophy investment opportunity to purchase a tenanted investment <span style="color:rgb(0, 0, 0);">set to provide its investor a net income of circa $212,997.35* per year.</span><br><br>
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<b><u>Medical Centre 291</u></b><br><br>Website: <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.medicalcentre291.com.au/"><u>Medical Centre 291 - The best in GP care servicing Werribee and Hoppers Crossing</u></a><span></span><br><br>Medical Centre 291 With more than 20 years of experience providing independent professional medical and allied health services to the local community, Medical Centre 291 is a well-established and popular healthcare asset within the Werribee community.<br><br>The centre has undergone significant upgrades and expansion over the years, increasing its healthcare services and catering for the growing demand. The centre now provides a diverse range of services offering access to a range of specialists from its consultation and treatment rooms.<br><br>The practice operates 6 days per-week facility providing the following services:<br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Women's Health</span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Men's Health </span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Vaccinations</span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Mental Health</span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Chronic Disease Managemrnt and General Health </span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Acupuncture </span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">General and Tropical </span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Audiology </span></p></li><li style="list-style-image:none;margin-inline-start:40px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Allergy Testing</span></p></li></ul><br>Medical Centre 291 employs 5 Doctors, supported by a practise manager and a lead nurse. The centre is a private billing clinic, however patients can be bulk billed at the doctor's discretion.<br>
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Established local operator with over 20 years’ of experience in the local community</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Current net income of $212,997 per annum* + GST and Outgoings with annual 3% fixed increases</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">7-year lease until July 2029 with two further 7-year options</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Modern two-level centre totalling 423sqm*</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Large underlying landholding of 1,739sqm* providing for future expansion or long-term development upside (STCA).</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">High exposure location with Princes Highway exposure</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Convenient and easy patient access with 36 at-grade car parks</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Strategic position directly opposite Werribee Mercy Hospital, a public hospital providing immediate cross-referral benefits and a strong trade catchment</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Well positioned to capitalise on Melbourne’s rapidly evolving western region, with the City of Wyndham forecast to grow by 155,561 residents by 2046^</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Rising utilisation of healthcare services due to increased government funding which is focused on making healthcare more affordable and accessible, coupled with the surging local population seeing strong demand for local services</span></p></li></ul>
