SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Brand New Medical Centre – 100% Occupied

6 Green Street, Wangaratta VIC

Property Highlights

Long 4.56 year WALE
50% Stamp Duty concession
Investor preferred Net leases

Description

+ 50% Stamp Duty concession (State Revenue Office/Victorian Government – Bushfire Relief Stimulus)
+ Secure medical and pathology leases with long 4.56 year WALE – 100% occupied
+ Diverse income streams from a mixture of specialist medical fields including General Surgery, Orthopaedics, Anaesthetics and Pathology
+ Brand new, modern 570sqm clinic and surgery constructed in 2019 offering significant depreciation allowances
+ Highly sought-after essential service investment and tenancy mix
+ Busy Medical Centre utilised by 7 permanent and 11 visiting medical specialists
+ Mostly fixed rental increases assuring growth
+ Significant 2,227sqm Commercial 1 Zone (C1Z) site with a 42 metre frontage to Green Street and 29 car parks on Title
+ Key position in Wangaratta’s medical precinct, nearby Northeast Health Wangaratta Hospital (150 metres), Wangaratta Private Hospital, North East Podiatry, Wangaratta Paediatric clinic and Wangaratta Audiology
+ Northeast Health Wangaratta Hospital: The major hospital in North-East Victoria providing health care to over 90,000 residents across Wangaratta, Bright (and Ovens Valley), Mansfield, Beechworth, Myrtleford, Yarrawonga, Euroa, Benalla and The King Valley.
+ Wangaratta: Progressive Regional City servicing catchment population over 58,000
+ Rent: $227,804 pa + GST

For Sale by Investment Portfolio Auction
11:00am (AEST) Wednesday 23 September

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical Centre
Land Size
2,227 SQM
Building Area
570 SQM

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