Ballarat Day Procedure Centre
1119-1123 Howitt Street, Wendouree, VIC, 3355, AU
1,989 m²
Asset Description
JLL is pleased to offer for sale Tarnbuk Centre at 411 Nepean Hwy, Frankston VIC.
A modern mental health facility positioned in the heart of Melbourne’s most prominent activity centre in the southeastern suburbs, secured by a government lease profile.
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Attributes
Building area net
1,577 m²
Occupancy
100%
Land area gross
911 m²
NOI
R 7,455,000
Media
Investment Highlights
- Outpatient mental health facility fully leased to state government.
- Current net income of $642,578 per annum* and Outgoings with annual 3.00% increases.
- 4.1-year Weighted Average Lease Expiry (WALE) by income.
- Modern, three-level mental health outpatient centre totalling 1,577sqm*.
- High exposure location with frontage to Nepean Highway.
- Recently refurbished to meet the needs of Peninsula Health and the local community.
- Strategic corner in prominent Activity Centre, providing long term development upside potential with 38 metre preferred height limit (STCA)
- Supporting demographics of the broader Mornington Peninsula Region driving healthcare services.
411 Nepean Hwy, Frankston is for sale Expressions of Interest (EOI) closing Wednesday 16th April 2025 at 2:00pm (AEST).
To obtain further information or to arrange an inspection, please contact the exclusive JLL selling agents.
Simon Quinn - 0409 261 276
Thomas Thorsen – 0488 444 022
Mark Stafford – 0404 401 053
*Approx.
Contact brokers
411 Nepean Hwy, Frankston (0 Properties)
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Last updated
28 Mar 2025
