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210 Wanneroo Road, Madeley, WA 6065

210 Wanneroo Road, Madeley, WA 6065

Medical/Consulting Offices Retail

  • Sold Contact Agent
  • Wed 30-Jun-21

  • Land Area
  • 0.43ha (1.06 acres) (approx)
  • Floor Area
  • 1,479 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Aug 06, 2021
  • Zoning
  • Urban Development (R25)

Additional Details

Interested in this property? Contact an Agent today

Ray White Commercial WA - PERTH

12-14 The Esplanade

Perth WA 6000

Stephen Harrison, Ray White Commercial WA - PERTH
Stephen Harrison

Medical Centre – 7 Tenancies – Prominent Location

There is no better real estate asset class in 2020 than Medical & Health and this opportunity to buy a Health Centre of 40 years practice with 7 different health/medical tenancies on a major road stands out as a must buy.

Madeley Health is a long-established centre (approx 40 years) on Wanneroo Road with various tenants including a medical practice, pharmacy, optometrist, radiology centre, dentist, psychologist, and a physiotherapist.

Lettable Area: 1,479sqm comprising 5 strata units which is the whole of the strata development giving a buyer future flexibility.

The site of 4,289sqm has a prominent frontage to Wanneroo Road with 65 car bays.

Net Income of $591,136.91 spread over 7 tenancies with a WALE of approximately 4.25 years and all with solid fixed annual increases and all outgoings fully recovered.

For further information or to arrange an inspection please contact:

Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 168

Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 777

210 Wanneroo Road, Madeley, WA 6065

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