291 Princes Highway, Werribee, VIC, 3030, AU

Medical Centre, 291

Asset description

The JLL Alternative Investments team is pleased to offer for sale Medical Centre 291 at 291 Princes Highway, Werribee.

This established and prominent medical centre with over 20 years of experience in the local community and is strategically positioned directly opposite Mercy Hospital Werribee.

To obtain further information or to arrange an inspection, please contact the exclusive JLL selling agents.

Mark Stafford – 0404 401 053

Thomas Thorsen – 0488 444 022

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Attributes

Building area net

4,553 sf

Occupancy

100%

Land area gross

18,718 sf

Parking spaces

Media

Investment highlights

Established local operator with over 20 years’ of experience in the local community
Current net income of $217,692 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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