SOLD | Medical Centre, 291

• Established local operator with over 20 years’ of experience in the local community
• Current net income of $212,997 per annum* + GST and Outgoings with annual 3% fixed increases
• 7-year lease until July 2029 with two further 7-year options
• Modern two-level centre totalling 423sqm*
• Large underlying landholding of 1,739sqm* providing for future expansion or long-term development upside (STCA).
• High exposure location with Princes Highway exposure
• Convenient and easy patient access with 36 at-grade car parks
• Strategic position directly opposite Werribee Mercy Hospital, a public hospital providing immediate cross-referral benefits and a strong trade catchment
• Well positioned to capitalise on Melbourne’s rapidly evolving western region, with the City of Wyndham forecast to grow by 155,561 residents by 2046^
• Rising utilisation of healthcare services due to increased government funding which is focused on making healthcare more affordable and accessible, coupled with the surging local population seeing strong demand for local services

*Approx.

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