Healthcare
Under Contract

St Vincent's Specialist Centre - 574 Melton Highway, Sydenham

574 Melton Highway, Sydenham, VIC, 3037, AU

St Vincent's Specialist Centre - 574 Melton Highway, Sydenham_Property for Sale

Gallery

St Vincent's Specialist Centre - 574 Melton Highway, Sydenham 2_Property for Sale

Asset description

JLL and Cushman & Wakefield are pleased to present for sale a rare opportunity to acquire a modern, purpose built and fully leased medical facility, St Vincent’s Specialist Centre. Enjoying dual street frontages and substantial exposure to Melton HighwaySt Vincent’s Specialist Centre provides a wide range of specialist medical services including pulmonary and sleep diagnostics specialists, dentistry, cardiology, osteo and paediatrics amongst other specialties.

Attributes

Building area Net
6,361 sf
Occupancy
100.00%
Year built
2012
Tenure
Freehold

Investment highlights

  • Conveniently situated on a high-profile 1,516 sqm corner site
  • Blue Chip lease covenant fully leased to St Vincent’s Hospital.
  • Total Net Lettable Area of 591 sqm*
  • Passing Net Income of $224,000 pa* (as at 1 May 2022)
  • 3.38 year WALE (by Income)
  • Established and growing medical demand with a consistent forecasted local population growth of 5.4% in the Sydenham – Hillside.
  • Rarely offered specialist medical investment.


The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).


St Vincent’s Specialist Centre is available individually or as part of the National Healthcare Portfolio. The Portfolio includes 9 securely leased medical assets across four states, with a combined net income of $7.32 million, and anchored by a range of blue chip national medical tenants such as Aurora, Nexus Day Hospitals, ForHealth, St Vincents and IPN Medical Centres.


The Portfolio includes:

  • Kogarah Private Hospital, 1 Derby Street, Kogarah NSW
  • Chermside Medical Complex, Lots 2-6 & 9-10, 956 Gympie Road, Chermside QLD
  • IPN Logan Central, 295 Kingston Road, Logan Central QLD
  • IPN Forest Lake, 7 High Street, Forest Lake QLD
  • Mackay Private Hospital, 57 Norris Road, Mount Pleasant QLD
  • Gympie Private Hospital, 74-86 Channon Street, Gympie QLD
  • Modern Medical Spotswood, 196 Hall Street, Spotswood VIC
  • St Vincent's Specialist Centre, 574 Melton Highway, Sydenham VIC
  • Rockingham Medical Centre, 18 Civic Boulevard, Rockingham WA
St Vincent's Specialist Centre - 574 Melton Highway, Sydenham 4_Property for Sale
St Vincent's Specialist Centre - 574 Melton Highway, Sydenham 4_Property for Sale

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Nov 30, 2022