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1023 Howitt Street
Wendouree VIC 3355
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Sold on 2 Aug 2023

1023 Howitt Street Wendouree VIC 3355

  • Medical / Consulting
  • 255 m²
  • Sold

As New Bupa Dental Clinic Constructed 2018 | Significant Depreciation Benefits

    Burgess Rawson in conjunction with Colliers International are pleased to offer to the market the Bupa Dental Clinic in Wendouree (Ballarat) VIC for sale via our Investment Auction Portfolio 162.
    The property has the following investment highlights:
    + Secure Five (5) year lease to March 2027 plus option to 2032.
    + Bupa: international healthcare group servicing 43 million customers across 190 countries. **
    + Leading dental clinic, winning the 2022 Bupa Clinical and Quality Award.
    + Investor preferred net lease terms with tenant paying all usual outgoings as per the lease.
    + Favourable annual CPI rent reviews.
    + Immaculate 275sqm* clinic incorporating 5 surgery rooms, 2 consult rooms and sterilisation room.
    + Purpose built in 2018 already offering significant depreciation benefits with new 16.6kw solar system being installed in July.
    + High profile Howitt Street position with 20,000 vehicles passing daily. ***
    + Prime 1,373sqm* freehold site with important 16 on-title car spaces.
    + Situated in key medical precinct amongst Sovereign Radiology, Ballarat Group Practice and Ballarat Day Hospital.
    + Potential 50% stamp duty saving.
    + Ballarat: capital of Western Victoria with population forecast to surge 22% to 142,624 by 2036. ****
    + Net Income: $81,030pa* + GST
    To be sold by Investment Portfolio Auction:
    10:30am AEST Wednesday 2nd August 2023
    Crown Casino, Melbourne VIC
    * Approx
    ** Bupa
    *** GapMaps
    **** Forecast.id

    AUCTION

    Auction date and time02/08/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold2 Aug 2023
    Floor Area255 m²
    Land Area1,373 m²
    ParkingAsk Agent
    Property ID2018630043
    Category
    Last updated  17 Sep 2023
    Map for 1023 Howitt Street Wendouree VIC 3355
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold2 Aug 2023
    Floor Area255 m²
    Land Area1,373 m²
    ParkingAsk Agent
    Property ID2018630043
    Category
    Last updated  17 Sep 2023

    Co-Agents

    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898
    Rick Jacobson
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 083

    More about 1023 Howitt Street Wendouree VIC 3355

    1023 Howitt Street Wendouree VIC 3355 is categorized as Medical & Consulting Property. It has a floor area of 255 m² and a land area of 1,373 m². The listing ID for this property is 2018630043.

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