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Specialist Medical Facility, 1156 Padman Drive, Albury, NSW 2640

Specialist Medical Facility, 1156 Padman Drive, Albury, NSW 2640

Medical/Consulting Offices Retail

  • Sold Contact Agent
  • Wed 29-Sep-21

Immaculate Specialist Medical Freehold Investment Next to Private Hospital

  • New 5+5+5 year lease
  • Favourable net lease terms
  • Fixed 3% rent increases     

  • Land Area
  • 1829.00 m² (approx)
  • Floor Area
  • 510 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Oct 21, 2021

Interested in this property? Contact an Agent today

L J Colquhoun Dixon Real Estate - Albury

576 Kiewa Street

Albury NSW 2640

Andrew Dixon, L J Colquhoun Dixon Real Estate - Albury
Andrew Dixon
Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Beau Coulter, Burgess Rawson - Melbourne
Beau Coulter
Billy Holderhead, Burgess Rawson - Melbourne
Billy Holderhead
Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street

Sydney NSW 2000

Rhys Parker, Burgess Rawson - Sydney
Rhys Parker

Immaculate Specialist Medical Freehold Investment Next to Private Hospital

Brand new 5+5+5 year lease to 2036.
Important medical facility occupied by a strategic network of cardiac, orthopaedic, plastic and reconstructive surgeons.
Highly sought-after, set-and-forget medical investment.
Landlord-favourable net lease terms with tenant responsible for Council Rates, Water Rates, Insurance and Land Tax.
Strong and certain rental growth with compounding, annual 3% rent increases.
Immaculately presented, 510sqm modern medical facility including specialist consulting and minor procedure rooms.
Strategically located in key medical precinct adjoining Albury Wodonga Private Hospital (Ramsay Health) and nearby Albury Day Surgery, Dorevitch Pathology and Urologist.
Albury/Wodonga: booming 100,435 population with 18.5% median house price growth since 2019.
Estimated Net Income: $193,800pa + GST.

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

Contact Agents
Burgess Rawson
Billy Holderhead 0422 817 696
Beau Coulter 0413 839 898
Rhys Parker 0451 101 042
Natalie Couper 0413 856 983

LJ Colquhoun Dixon
Andrew Dixon 0417 516 531

Specialist Medical Facility, 1156 Padman Drive, Albury, NSW 2640

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