WHERE HEALTHCARE DEMAND, RESIDENTIAL CATCHMENT, AND DAILY EXPOSURE ALIGN.

Overview

Description

POINT OF INTEREST:

For a medical investment, being seen is half the appointment. And this residential-turned-commercial freehold works all day, in both directions - making this a healthy investment with exposure tenants can quantify, and investors can leverage. Set on 697 sqm* of land with a 165 sqm* floor area, the property is configured with multiple consulting rooms, each leased to separate operators and together achieving $170,000 p.a.. There’s heating and cooling throughout, a disability bathroom, 10 on-Title car spaces, and a flexible layout suited to healthcare and consulting operators. Zoned Housing Choice and Transport Zone – Schedule 2, the asset offers even more potential for investors or future occupiers: retain the room-by-room income, occupy all or part of the premises, or simply secure a well-exposed Hughesdale medical freehold with income now and options later.

- 165 sqm* total floor area.
- 697 sqm* land area.
- Established medical freehold investment with multiple consulting rooms leased to separate operators for over 40 years.
- Currently achieving $170,000 p.a. in rental return.
- Ideal for 6%-7% yield investors, or medical owner occupier seeking a new practice with sub-leases.
- Exposure to 40,000* passing cars daily.
- Heating and cooling throughout the premises.
- Disability bathroom on site.
- 10 on-Title car spaces.
- Housing Choice and Transport Zone – Schedule 2.
- 500 m* to Oakleigh railway station and Oakleigh Central.
- 1.2 km* to Dandenong Road.

POINT OF VIEW:

Medical property works best when it sits close to the people who need it. Here, the surrounding Hughesdale homes provide the catchment, while Warrigal Road provides the daily reminder.

*Approx.
Pricing excludes GST