Property Details

  • Contact Agent
  • Healthcare
  • 490 sqm
  • 26

Agent Details

George Takis

Director | South East

T 0403 259 559

M 0403 259 559

Email Agent

Matthew Feld

Director | Auctioneer

T 0415 803 348

M 0415 803 348

Email Agent

Unit 6 / 220 Bay Road, Sandringham

CIRCA 6% RETURN WITH NEW 10 YEAR LEASE
Teska Carson are pleased to offer to the market, the Sandy Hill Medical Centre, for sale via an Expression of Interest campaign closing Wednesday 3 July 2024 at 3pm.

The property has the following investment highlights:
+ Income: $200,000 per annum + GST and all usual outgoings
+ Brand New 10 year net lease to the Sandy Hill Medical Centre
+ Two five year options
+ 490 square metres with 26 car parks on title 
+ Attractive 3.5% annual rent increases, ensuring future rental growth.
+ Strategically positioned within the highly successful Gardenside Development, which comprises 147 apartments with many more substantial developments either built or in planning within close proximity.

For more information or to arrange an inspection please don't hesitate to contact the listing agents.