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1156 Padman Drive, Albury, NSW 2640

1156 Padman Drive, Albury, NSW 2640


  • Sold Contact Agent
  • Tue 28-Sep-21

  • Floor Area
  • 510 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Oct 05, 2021

Interested in this property? Contact an Agent today

L J Colquhoun Dixon Real Estate - Albury

576 Kiewa Street

Albury NSW 2640

Andrew Dixon

Immaculate Specialist Medical Freehold Investment Next to Private Hospital

New 5+5+5 year lease.

Favourable net lease terms.

Fixed 3% rent increases.
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, 510 sqm 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.

Estimated Net Income: $193,800pa + GST.

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

1156 Padman Drive, Albury, NSW 2640

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