IRREPLACEABLE FREESTANDING MEDICAL INVESTMENT IN THE HEART OF ELSTERNWICK 15 YEAR LEASE PLUS OPTIONS TO 2057

281 Kooyong Rd, ELSTERNWICK VIC 3185

Medical/Consulting
Auction
Property Features
  • Medical/Consulting
  • Land is 1,354 m²
  • Floor Area is 513 m²
Commercial Features
Highlight 1

1,358sqm* Corner Landholding

Highlight 2

6 Month Bank Guarantee

Highlight 3

Strong Trading Medical Centre -10+Years

Description

CBRE Australian Healthcare & Social Infrastructure is delighted to present 289-291 Kooyong Road, Elsternwick (Cnr Edward Street). This irreplaceable healthcare Investment represents the unprecedented opportunity to acquire an established and strong trading medical centre within one of the countries most esteemed locales.

OVERVIEW

+ 15 Year Lease To NEST Family Clinic to 2037 plus options to 2057

+ Irreplicable medical permit for 17 practitioners + staff 7 days per week

+ Strong Trading Medical Centre Embedded within The Glen Eira community featuring a 10+ year history

+ Premium improvements with a substantial extension and renovation complete as at February 2022

+ Passing income of $600,000p.a* plus fixed 3% rental increases with a 6 month bank guarantee

+ Prime corner landholding of 1,358sqm* boasting 75m* street frontage and positioned immediately opposite the Caulfield Hospital

+ Tenant pays all outgoings

+ Services Include – GP, Psychiatrist, Obstetrician, Paediatrician, Dietitian, and more

LOCATION

+ Blue-chip location at the heart of the City of Glen Eira – one of Australia’s most desirable municipalities

+ Ideally positioned opposite the Caulfield Hospital and a short distance to the Iconic Windsor/St Kilda Healthcare precinct featuring The Avenue Hospital, Windsor Private Hospital, Cabrini Hospital, Masada Private Hospital and The Alfred

+ Surrounded by a number of highly anticipated public and private developments including the Elsternwick cultural precinct, forecast to further increase appeal to the area

+ A stoneโ€™s throw to dense retail and community amenity including the Glen Huntly Road retail precinct, Hopetoun Gardens, Coles, Elsternwick Station and more

FORTHCOMING SALE

Marcello Caspani Muto

Sandro Peluso

Jimmy Tat

approx*