A prime healthcare investment in the heart of Rosebud, this purpose-built physiotherapy centre sits on approximately 1,596m² of land. The property enjoys the benefit of a well-established national allied health provider in place (with over 40 locations around the country), who has served the community for over 28 years.<br><br>The building spans approximately 655m² and was constructed in 2011 to accommodate up to five practitioners. It features modern consulting rooms, state-of-the-art equipment, and high-quality staff and patient amenities. The site offers excellent accessibility, with 21 car spaces, including two disabled bays, and a prominent approx. 32m street frontage.<br><br>The asset currently generates an annual net income of approximately $238,824, after non-recoverable land tax (approximately $8,526p.a.) and management fees (estimated around $7,650p.a.). With fixed 3.5% annual rental increases, the net return will be 5.9% from this July. The bank guarantee of $59,947 offers income security, and with options extending to 2039, the asset provides a secure long-term investment opportunity.<br><br>Leased to Lifecare Rosebud Physiotherapy, a subsidiary of the globally recognized APM Group, the tenant has a renewed five-year lease commencing in July 2024, with two further five-year options. Lifecare has been servicing the local community for over 28 years, with strong demand for physiotherapy and rehabilitation services in the region.<br><br>Positioned in a high-growth area on the Mornington Peninsula, the property is surrounded by key medical and retail amenities, including Rosebud Hospital (approx. 400m), Rosebud Plaza (approx. 250m), and multiple healthcare providers. With a median age significantly higher than the state average, demand for allied health services continues to rise. The site benefits from strong exposure, with approximately 13,000 vehicles passing daily.<br>