FOR SALE BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 27TH JULY AT 2PM
This impressive substantial medical centre has been held by our Vendor client for many years. This is your opportunity to buy the freehold and continue that tradition.
Towerhill Medical Centre (TMC) has operated here since 1984. They pride themselves in having a time honoured commitment to Frankston, Bayside and the Mornington Peninsula's communities.
The company trading as TMC is an exceptional reliable tenant on a lease of 5 years with two further 5 year options.
TMC sits prominently on the Corner of Frankston-Flinders Road and Bruce Street Frankston. Directly opposite is Towerhill Shopping Complex which houses Ritchies IGA, Ritchies Liquor, Brumby's, a Pharmacy, Lotto agency and other specialist stores and food outlets. Ritchies is currently undergoing a major building upgrade. The $12 million redevelopment will be a Ritchies' superior Fine Food and Wine Merchant's hub.
The unique octagonal building has a light filled and flowing layout which consists of a large waiting and reception area, 7 consulting rooms, surgery room, pathology room, staff kitchen, office and three WC suites. There are 17 car parking spaces on site.
Key features include:
* Lease until 30/11/2026 with two 5 year options
* Current annual rent $98,877
* Rent reviews: annual increases to CPI, to market at options.
* Tenant pays all outgoings (except Land Tax)
* Land area: 1,110 sqm*
* Building area: 274sqm*
* 209m* double street frontage
* 17 car parks
GST: The property will be sold as a going concern.
Terms: 10% deposit, balance 30/60 days.
Inspections: By appointment only.
For further information or to arrange an inspection, please contact:
Linda Ellis 0400 480 397
Michael Crowder 0408 358 926
PLEASE NOTE:
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
