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56 Victor Crescent, Narre Warren, Vic 3805

56 Victor Crescent, Narre Warren, Vic 3805

Medical/Consulting Offices Retail

  • Sold Contact Agent
  • Fri 14-Jul-17

FREESTANDING MEDICAL INVESTMENT 100% LEASED TO ASX LISTED TENANT

  • Permit for 20 practitioners
  • NLA 1,602m² with 60 car bays*
  • 100% leased to publicly listed tenant

  • Land Area
  • 0.41ha (1.02 acres) (approx)
  • Floor Area
  • 1,602 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Sep 21, 2017

Interested in this property? Contact an Agent today

CBRE - Melbourne

Level 34, 8 Exhibition Street

Melbourne Vic 3000

Josh Twelftree

FREESTANDING MEDICAL INVESTMENT 100% LEASED TO ASX LISTED TENANT

CBRE Victorian Health, Aged & Child Care are delighted to present for sale Narregate Medical & Dental Centre. This outstanding freestanding medical investment with development potential (STCA) in Narre Warren presents a fantastic opportunity in a tightly held medical precinct.

Narre Warren is a burgeoning suburb in the midst of development. It is home to growing families and great facilities such as the massive Fountain Gate Shopping Centre.

Key attributes of this outstanding retail investment property include:

- Leased to Primary Health Care Limited (ASX listed) - trading as Narregate Medical & Dental Centre

- Favourable lease structure: all outgoings paid by tenant including land tax

- Irreplaceable 4,177sqm* Commercial 1 Zoned landholding

- Permit for 20 practitioners

- Modern 1,602sqm* freestanding building plus 60* on-site car parks

-Rental Income $595,164pa* plus outgoings & GST as at November 2017 with fixed 3% annual rental increases

- Prime position in Narre Warren's thriving, large format retail and commercial precinct

For Sale via Expressions of Interest closing Thursday 6th July

56 Victor Crescent, Narre Warren, Vic 3805

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