CBRE Australian Healthcare & Social Infrastructure is pleased to exclusively present 200 High Street, Templestowe Lower (Cnr Manningham Road), for sale. Formally known as The Manningham Medical Centre, the subject property represents one of the largest and most trafficked healthcare supersites in Melbourne's affluent eastern suburbs.
Anchored by highly distinguished covenants including Nexus Day Hospitals, Sonic Healthcare & Capital Radiology, the property is also home to one of the largest and longest standing private general practice groups in Victoria.
Consistent tenancy expansions and common area CAPEX expenditure sees the property presented to a high quality modern standard with the asset established for continued long-term success and market dominance.
OVERVIEW
+Premium tenancy mix anchored by the country's most desirable medical tenants including Nexus Day Hospitals, Capital Radiology, Sonic Healthcare & a powerhouse General Practice at consistent capacity and operating for over 20 years*
+Annual income of approx. $2,994,155pa* + GST & Outgoings (Land Tax also payable by select tenancies)
+WALE of 6.3 Years* with further immediate extension potential, given existing tenant negotiations and expansions
+Significant recent CAPEX expenditure across common areas, expanded tenancies and building services
+High quality improvements across 6-levels and a building area of 5,109sqm*
+Underlying corner landholding of 8,376sqm* with multiple points of access and egress
+Further value add potential via building expansion over open air parking bays (STCA)
LOCATION
+Corner site with combined street exposure of 90m* to both Manningham Road and High Street Two of the area's most trafficked arterials linking Westfield Doncaster and Melbourne CBD (12km*)
+Within one of Victoria's most affluent suburbs featuring a median house price of $1,375,000
+ Situated within Melbourne's esteemed eastern corridor which encompasses prestigious inner-city suburbs such as Hawthorn, Camberwell, Kew, Glen Iris, Box Hill and Glen Waverley
+Significant surrounding retail and education amenity including Devon Plaza (20m*), Woolworths (25m*), Westfield Doncaster (1km*), Templestowe College (865m*) and Doncaster Secondary (1.9km*)
+Well connected to public transport and roadway infrastructure with both Doncaster and Bulleen Park & Ride bus hubs within immediate proximity and the Eastern Freeway only minutes away.
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 19TH OCTOBER 2023 AT 2:00PM (AEDT)
For further information contact Australia's market leading Healthcare & Social Infrastructure specialists.
Sandro Peluso
+61 418 389 757
Marcello Caspani-Muto
+61 417 065 777
Jimmy Tat
+61 439 399 118
*approx.
