Five Years Plus Of Healthy Income

Sale Details

Sold on 04 Apr 2025 for $1,700,000

Description

POINT OF INTEREST:

This is the healthiest investment you will make all year. Leased to Paspa Pharmaceuticals, a leading Australian-owned pharmaceutical company specialising in the research, development, and manufacturing of pharmaceutical products, they have committed to a fresh five-year term, providing $95,000.00 p.a. plus GST and outgoings. Situated on the ground floor with front and rear access, this property is part of a well-regarded complex home to a range of medical and professional occupiers.

This permitted medical facility comprises 275 sqm* and includes five consultation rooms, a large laboratory space, offices, multiple male and female amenities, and eight secure basement car spaces.

Located in a sought-after area popular with medical professionals, this property sits within the bustling Caulfield Hospital precinct, making it an ideal location for the current tenant, as well as other outpatient services, allied health providers, and private practices.

- Building area: 275sqm*.
- Leased to Paspa Pharmaceuticals.
- Rental return of 95,000.00 p.a.
- New Five year lease term.
- Permit approved for unrestricted medical use.
- Eight secure basement parking spaces.
- Ample street parking for visitors.
- Modern fit-out with wet and dry consultation rooms.
- Close proximity to Caulfield Hospital.
- Serviced by trams along Glen Huntly and Hawthorn Roads.

POINT OF VIEW:

Strategically located in the vibrant heart of Caulfield, this medical investment will see you with many healthy return for years to come.

*Approx.
Pricing excludes GST