- 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
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.