18/36-38 Corinna Street is a first floor medical consultancy unit currently leased to an established dental practice owned by an entity related to Bupa Dental. Trading as the Corinna Dental Group, the current lease expires on 30 November 2022, having a remaining lease term of 2 years and 8 months (as at 1 April 2020).
Bupa Dental forms part of Bupa Australia and New Zealand, which is within the Bupa Group internationally. The Bupa Group was founded in the UK in 1947 and now operates in over 190 countries. The Bupa Group reported total revenue of £12.3bn and underlying profit before tax of £416m in the Full Year Statement for the Year Ending 31 December 2019.
Key attributes of the property are as follows:
Established tenant with multi-national corporate ownership
Remaining lease term of 2 years and 8 months (as at 1 April 2020)
Estimated net income of $45,097 per annum
Net return of circa 6.75%
Woden Town Centre location
5 year Option for tenant
Prominent corner position
Well-known medical consultancy complex
The property is For Sale by Private Treaty with an Asking Price of $670,000 excluding GST.
