Physio Health Clinic Investment | New 7 Year Lease to 2032.

Sale Details

Sold on 25 Jun 2025 for $995,000

Description

CVA Property Consultants and Burgess Rawson are pleased to offer to market ‘Inner Strength Bayside’ at 101, 19 Chandos Street, Cheltenham VIC for sale via National Portfolio Auction 177.

The property has the following key investment highlights:

- New Seven (7) Year lease to 2032 plus One (1) further Five (5) Year option to 2037.
- Fixed, compounding 4% annual rent increases ensuring continued income growth.
- $61,500 per annum in leasing income.
- Inner Strength Bayside: established and modern clinic specialising in physiotherapy, clinical pilates and rehabilitation.
- Landlord favourable net lease terms with tenant paying usual retail outgoings including rates and insurance.
- Well-presented, brand new first floor 164 sqm* light filled corner office, accessed by stairs and lift featuring reception, open plan, treatment rooms and amenities.
- Lease secured by 3 month Bank Guarantee plus personal guarantee to the performance of the lease.
- Cheltenham Quarter: a premium award nominated commercial and industrial precinct designed for productivity and growth, anchored by high profile Dan Murphys. Finalist in Urban Developer ‘Commercial Development of the Year’ category.
- Single tenant investment with minimal management required.
- Brand new construction completing in January 2025 providing maximum tax saving depreciation benefits.
- Cheltenham: desirable bayside location 16km* south of Melbourne CBD and one of the largest shopping and employment hubs in Melbourne’s south east (3) plus the Government Suburban Rail Loop Project ($216b). (4)
- City of Bayside: forecast for population to increase 21% by 2046 (2) with a median house price of $2,130,000 (3)

This property is being sold on the same day as ‘Strong Pilates’ in the same complex, the information memorandum contains information for both investment opportunities.

To be sold via Investment Portfolio Auction 177
10:30am AEST on Wednesday, 25 June 2025
River Room, Crown Casino, Melbourne

* Approx
(1) Forecast.id
(2) Housing.id
(3) Let’s explore Cheltenham - Victoria’s Big Build
(4)SRL East at Cheltenham - Victoria’s Big Build