Long Standing Medical Centre With New Lease.

Sale Details

Sold on 24 Nov 2016

Description

Located within a thriving shopping centre, this modern retail property is to be offered for sale by Public Auction on Thursday 24th November at 12 noon on site. Key features including a long standing medical clinic tenant, prime frontage, first floor office/administration storage area and rear access to Denison Mall.

Tenancy information:
- Bundoora Medical Centre has been established for approximately 40 years
- Rental return: $109,483.63 pa net
- Four (4) years + four (4) years
- 4% Annual increases
- Large 250m2* tenancy

Located in the sought after location of Bundoora Square, the property is within close proximity to Northpark Private Hospital, La Trobe University Medical Centre and many other health care facilities.

The property is conveniently surrounded by an array of retailers including Woolworths, Priceline, Bakers Delight, Australia Post, Coles, Flight Centre, Nandos, BWS and banks. Public transport is well serviced in the area with trams and buses running along Plenty Road.

Situated 33 kilometres*s from Melbourne’s CBD, the property is in close proximity to major roads and arterials including the Settlement Road, Grimshaw Street, Greensborough Road Bypass and Metropolitan Ring Road.

*Approx.