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402 South Road
Moorabbin VIC 3189
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Sold on 11 Feb 2017

402 South Road Moorabbin VIC 3189

  • Shop & Retail
  • 270 m²
  • Sold

Blue Chip Medical Investment

  • Premium Medical Investment
  • 10+ Year Lease with Options
  • Fully Leased by Bupa

The Savills CBD & Metropolitan Sales Team is delighted to offer for sale by Expressions of Interest this incredible medical investment opportunity at 402 South Road, Moorabbin.

This property provides an exceptional opportunity for an investor to take advantage of a secure long-term lease to one of the world's largest healthcare providers Bupa, while being located within Moorabbin's major activity centre.

The key attributes of the property include:
- Longstanding dental clinic in operation for nearly 70 years
- Brand new state-of-the-art dental fitout
- 10+ year lease to 31 December 2026 plus options to 31 December 2041
- Net rental of $287,596 per annum* (paid yearly in advance)
- Tenant responsible for all outgoings
- Fully leased by Bupa - one of the world's largest healthcare groups (with revenue exceeding $15 billion per annum)
- Ideally located within Moorabbin's Major Activity Centre, surrounded by extensive retail amenity and public transport options

This is a rare opportunity to secure a high quality medical investment, securely leased and located within an established suburban location. Accordingly, we encourage prospective purchasers to actively consider this incredible investment opportunity.

402 South Road, Moorabbin is for Immediate Private Sale.

Benson Zhou 0458 488 888

Julian Heatherich 0412 995 655

Property Highlights

Date Sold11 Feb 2017
Floor Area270 m²
Land Area647 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2013168864
Category
Last updated  1 Oct 2021
Map for 402 South Road Moorabbin VIC 3189

Property Highlights

Date Sold11 Feb 2017
Floor Area270 m²
Land Area647 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2013168864
Category
Last updated  1 Oct 2021

Listed by

Julian Heatherich
Julian Heatherich
Savills Melbourne
Call
0412 995 655

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