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15 Year Lease to Government Medical Tenant

14D Oleander Drive, MILL PARK VIC, 3082

Sold

Property Sold in 14D Oleander Drive, MILL PARK VIC, 3082

Knight Frank Glen Waverley

G BLDG 1 Brandon Business Park, 540 Springvale Road, Glen Waverley, VIC 3150

Listing ID:
11358832
Status:
Sold
Last Updated:
07/10/2019
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Property Type

Offices/Medical/Consulting
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Land Area

1380 SQM
Icon size

Floor Area

1188 SQM
Icon parking

Parking

N/A

15 Year Lease to Government Medical Tenant

Knight Frank in conjunction with Gorman Commercial are delighted to offer for sale this sensational brand new Government Medical Investment with a 15 year lease to Melbourne Health (a subsidiary of the Royal Melbourne Hospital).

Recently completed, the property is ideally located within the South Morang Activity Centre and only minutes from Westfield Plenty Valley Shopping Centre, South Morang Train Station and easily accessible via Plenty Road and the Metro Ring Road.

To be offered for sale via an Expressions of interest campaign closing on Tuesday the 24th September at 4pm the property provides an astute investor with a long term income stream to a AAA rated Government tenant plus significant annual tax depreciation benefits.

Property features include:

• Long term 15 year lease (comm. June 2018) with 5 + 5 year options
• Government Medical tenant being Melbourne Health, a subsidiary of the Royal Melbourne Hospital.
• Total building area of 1,188 sqm* plus 22 car spaces
• Land area of 1,380 sqm*
• Current net rental of $422,155 plus outgoings and GST
• Fixed annual 3% rental increases
• Significant annual tax depreciation benefits
• Land tax exemption
• High growth corridor with excellent surrounding amenity and great access to public transport

For a copy of the information or to arrange an inspection please contact one of the exclusive agents below.

For more details, please email agent

Knight Frank Glen Waverley

G BLDG 1 Brandon Business Park, 540 Springvale Road, Glen Waverley, VIC 3150


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