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
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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
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