1 Patullos Road,
Lara, VIC 3212
Medical & Consulting • Hotel, Motel & Leisure
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Map of 1 Patullos Road
Premium Medical Investment - Lara Medical Centre
- Long-Standing GP Clinic
- High Profile 1,130m2 Corner Site
- Potential 50% Stamp Duty Concessions
Darcy Jarman is delighted to offer for sale the Lara Medical Centre. This longstanding medical clinic is leased to GMHBA in a purpose-built medical facility.
An exceptional investment opportunity with secure, long-term tenure, with lease agreements extend through 2037. This highly reputable GP Clinic includes an integrated pathology section, ensuring comprehensive medical services. Strategically positioned on a major thoroughfare in the thriving heart of Lara, one of Geelong’s fastest-growing suburbs.
Its prime positioning in a high-growth area, combined with its dual healthcare services, makes this property an outstanding investment offering.
Investment Highlights:
• Purpose-built 492sqm* medical centre with GP clinic, pathology and allied health services
• Tenant: GMHBA Ltd, trading as Lara Medical Centre
• Income: $214,167 p.a. net plus GST and outgoings, with annual CPI increases
• Land Tax exempt tenant
• Lease: 5-year lease, plus options extending to 2037
• On-site parking for 14+ car spaces, complemented by ample street parking and a large council car park
• Prime corner landholding of 1,130sqm*
• High-exposure location with 104m* of frontage to Patullos Road and Kees Road
• Potential 50% stamp duty concessions
Geelong remains one of the fastest-growing cities in Australia, with its population expected to reach 510,000 by 2050 (currently 280,000).
1 Patullos Rd, Lara is for sale via Public Auction on Thursday, 27th March at 2.30pm, on-site.
To request information or arrange an inspection, please contact the below agents:
Tim Darcy + 61 418 522 5...
Andrew Prowse + 61 418 534 0...
An exceptional investment opportunity with secure, long-term tenure, with lease agreements extend through 2037. This highly reputable GP Clinic includes an integrated pathology section, ensuring comprehensive medical services. Strategically positioned on a major thoroughfare in the thriving heart of Lara, one of Geelong’s fastest-growing suburbs.
Its prime positioning in a high-growth area, combined with its dual healthcare services, makes this property an outstanding investment offering.
Investment Highlights:
• Purpose-built 492sqm* medical centre with GP clinic, pathology and allied health services
• Tenant: GMHBA Ltd, trading as Lara Medical Centre
• Income: $214,167 p.a. net plus GST and outgoings, with annual CPI increases
• Land Tax exempt tenant
• Lease: 5-year lease, plus options extending to 2037
• On-site parking for 14+ car spaces, complemented by ample street parking and a large council car park
• Prime corner landholding of 1,130sqm*
• High-exposure location with 104m* of frontage to Patullos Road and Kees Road
• Potential 50% stamp duty concessions
Geelong remains one of the fastest-growing cities in Australia, with its population expected to reach 510,000 by 2050 (currently 280,000).
1 Patullos Rd, Lara is for sale via Public Auction on Thursday, 27th March at 2.30pm, on-site.
To request information or arrange an inspection, please contact the below agents:
Tim Darcy + 61 418 522 5...
Andrew Prowse + 61 418 534 0...
Lara, 3212 demographic data
The median household income for Lara is $1,969, 42% higher than Regional Victoria's household income of $1,386. Lara has a younger age profile compared to the rest of Regional Victoria (median age 37 vs 43). Property ownership data shows 59% of property owners in Lara have a mortgage.
19,014
Population
$1,969 per week
Median household income
37 years
Median age
Owners
Most residents
Families
Most households
Darcy Jarman - Geelong
Level 1, 89 West Fyans StreetNEWTOWN, VIC 3220
1 Patullos Road
Lara, VIC 3212
Darcy Jarman - Geelong Level 1, 89 West Fyans Street
NEWTOWN, VIC 3220
NEWTOWN, VIC 3220
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