Specialist Medical Facility, 1156 Padman Drive, Albury, NSW 2640
- Property No. 503898158
- Show Page Visits
- 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
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