402 South Road, MOORABBIN VIC 3189
Sold on 11/02/2017
- PROPERTY DETAILS
- Retail, Medical / Consulting, Offices
- Floor area:
- Return (PA):
- Land area:
- Energy Efficiency Rating:
- NABERS energy rating
- Property ID:
- Virtual Tour:
- View Tour
- 17 May 2017
Blue Chip Medical Investment
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.
Clinton Baxter – 0413 569 888
Julian Heatherich – 0412 995 655
402 South Road MOORABBIN