120 Thames Street Box Hill North VIC 3129

CBRE Australian Healthcare & Social Infrastructure are proud to exclusively present 120 Thames Street, Box Hill.

At the centre of the Box Hill Healthcare Precinct, the subject property features modern improvements first constructed in 2017 with a high quality diversified tenancy mix anchored by New Life IVF, Epworth and Sonic Healthcare.

A tightly held healthcare hub, seldom do opportunities of such quality become available to the public investment market within the Box Hill healthcare precinct.

Overview:

+Fully leased income of $808,267 per annum*

+Trophy healthcare holding with impeccable maintenance history constructed in 2017

+High exposure location with frontage to both Thames Street and Nelson Road

+Direct basement connection to the Ekera Medical Centre (116-118 Thames Street) allowing cross flow doctor traffic

+Land-rich asset zoned Residential Growth with the site set to benefit from the Box Hill SRL Precinct Structure Plan (2026) with a new development potential of up to 7* story's as per third party planning advice (STCA).

+WALE of 3.85* years with average fixed rental increases of 3.0%*

+Multi-level improvements (three story's) with a total area of 1,319sqm* plus 53 basement parking spaces

+Anchored by New Life IVF with a recently complete fit out providing long-term tenant retention comfort

Location:

+At the core of the Box Hill Healthcare Precinct and just meters from Box Hill Public Hospital and Epworth Private Hospital

+Immediately benefiting from the recent Epworth Eastern Hospital East Wing Tower expansion. Complete in 2022 and featuring 223 inpatient beds and 14 operating theatres + 6 floors of specialist consulting

+Prime metropolitan suburb located only 13km* from the Melbourne CBD

+Strong underlying land value with Box Hill featuring a median house price of $1,550,000 having seen growth of 7.3%* in the past 12 months

+Walking distance to significant retail amenity along Whitehorse Road, including Box Hill Central, Station Street Retail and multiple forthcoming hotel, residential and retail projects including Sky One and Trio Box Hill

+Strong public transport connectivity with both train, tram and bus services a short distance from the subject property

+Education hotspot with 13+ private and public educational facilities within a 5min drive* of the subject property including Box Hill Institute, Deakin University, Box Hill High School and more

To be sold via international expressions of interest closing on Thursday 8th May at 2:00pm (AEST).

For further information, please contact the exclusive sales and marketing agents:

Marcello Caspani-Muto
+61 417 065 777

Jimmy Tat
+61 439 399 118

Sandro Peluso
+61 418 389 757

Mark Granter
+61 439 035 433

approx*