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