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Burgess Rawson - Melbourne

Capital Radiology, 151-153 Furlong Road St Albans, VIC 3021


Capital Radiology, 151-153 Furlong Road,
St Albans, VIC 3021

Medical & Consulting • Development Sites & Land • Offices

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Burgess Rawson - Melbourne
Beau Coulter
Jamie Perlinger

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
Burgess Rawson - Melbourne
Capital Radiology, 151-153 Furlong Road
St Albans, VIC 3021

Map of Capital Radiology, 151-153 Furlong Road


Premium Essential Service Medical Investment Opposite Sunshine Hospital

  • Renewed 5-year lease  
  • Tenant on-site 20+ years  
  • Fixed 4% rent increases   
+ Renewed Five (5) year lease to June 2026 – tenant on-site 20+ years.
+ No further options – Investors, Owner occupier or land bankers.
+ Situated within the state government’s Sunshine Health, Wellbeing and Education precinct including Sunshine hospital (recent $34m upgrade), $100m Sunshine Private Hospital (under construction), new Joan Kirner Women’s & Children’s Hospital and $51 million health teaching and training campus.
+ Capital Radiology: subsidiary of ASX listed Capitol Health Ltd, with 51 locations across VIC & WA.
+ Rare fixed annual 4% rent increases assuring growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings excluding Land Tax.
+ Well-presented clinic with capital intensive fit-out including 10+ specialist rooms and 13 on-title car parks.
+ Irreplaceable 1,062sqm site across two titles with important 32 metre frontage to Furlong Road.
+ Future development potential up to 4 levels STCA.
+ Highly sought after ‘essential service’ medical investment.
+ Easily accessible site within 400 metres of Western Ring Road, St Albans Road and Ginifer Train Station.
+ St Albans: 16kms from Melbourne CBD, with in the booming western population growth corridor of the Brimbank City Council expected to 16.8% to over 240,000 by 2041.
+ Estimated Net Income: $252,344 pa + GST.

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

Contact Agents
Burgess Rawson
Jamie Perlinger 0413 860 3...
Beau Coulter 0413 839 8...
Natalie Couper 0413 856 983

Ed Cooper 0410 529 9...
Ben Cooper 0425 767 6...

Property ID: 503897614Last Updated: 24 Nov 2021

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