For Sale

3 Joseph Banks Crescent ENDEAVOUR HILLS

Medical Centre Investment - circa 7%

  • Sale Price $4,000,000
  • Area524 m²
  • Zoning General Residential

Highlights

  • Medical centre investment - circa 7%
  • Long standing practice circa 35 years
  • Permits in place
  • Walk to Endeavour Hills Shopping Centre
  • 1.3km to Monash Freeway
  • 37 car parks on site

Description

Joseph Banks Medical Centre is being offered for sale for the first time.

This long standing practice has stood the test of time with a circa 35 year history. The purpose built centre provides excellent amenity and importantly has 37 car parks on site. The medical centre has a permit in place for 6 practitioners and 2 assistants and the pathology premises has a permit for 2 practitioners.

The current total income from the medical centre and separate pathology premises is $284,752pa.
• Medical Lease: 5x5 years from 1st February 2019, current rent $162,880 pa, CPI reviews.
• Pathology Lease: 4x4 years from 1st March 2019, current rent $121,872 pa, 4% reviews.

• Total building area: 524m² (approx.) - medical centre approx. 414m² and pathology approx. 110m².
• Total land area: 2,671m² including the common property - on 2 titles.
• Zoning: General Residential - Schedule 1 (GRZ 1).

Inspections are strictly by appointment. Contact Facey Property on 9701 4455, Josh Kendall on 0418 322 443 or Ian Kilgour on 0416 012 727.

Tenure type

Tenanted Investment

Graham 'Josh' Kendall

Director

Ian Kilgour

Senior Sales and Leasing Consultant

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