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SOLD! Multi-tenanted Medical Investment in a Central Location – Frankston, Melbourne

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SOLD! Multi-tenanted Medical Investment in a Central Location – Frankston, Melbourne
Superb property with strong rental returns. Ideal Medical investment. Expressions of Interest (Closing 8 April)

Business Sale Price:

Expression of Interest

Business ID: BS149540
Location: Melbourne
Type: Medical

SOLD

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SOLD! Multi-tenanted Medical Investment in a Central Location – Frankston, Melbourne

This property is located on the western side of Young Street(40-42 Young Street) between Beach and Station Streets (opposite Frankston Railway Station). Just 200m from the busy Bayside Vicinity Shopping Centre with several major retail brands.

Comprising a total building area of 270sqm on the ground floor. Three secure medical/health tenants – Medical Clinic, Compounding Pharmacy and Pathology. Current annual rental of $234,441 pa + GST. 

Close to trains, buses and other amenities and easily accessed via M1, M3 and Mornington Peninsular Freeways.

  • Multi-tenanted medical building
  • Current rent over $234,000 with secure leases in place
  • Centrally located, close to transport and retail
  • Sound investment

Expressions of Interest. 10% on signing of the contract; balance 36/60 days from the day of sale. In conjunction with Allard Shelton

Details

Subheading : Superb property with strong rental returns. Ideal Medical investment. Expressions of Interest (Closing 8 April)
Business ID : BS149540
Price Text : $0
Search Locations : Melbourne
Search Type : Professional Services, Medical
Price Range : $1 - $500,000, $501,000 - $1mil, $1mil+
Status : Sold

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