265 Humphries Road Frankston South VIC 3199

JLL Healthcare & Life Sciences is pleased to offer for sale 265 Humphries Road, Frankston South.

Key details of this key social infrastructure asset include:

+ Leased to national operator Family Doctor with 80 locations.
+ Well-established business with a strong local reputation
+ Combined income of $252,481 per annum* + GST & Outgoings
+ Favourable annual CPI rental increases
+ Prominent national operator Family Doctor offered with a 10-year lease plus options until 2037
+ Single-level medical centre and pharmacy with GFA of 453sqm*
+ Large 2,646sqm* General Residential zoned landholding providing future expansion and development opportunities (STCA)
+ At-grade car parking for 34 cars
+ Strong local catchment with only one competing medical centre within 2km*
+ High demand for services in the local Frankston South Area with an over-representation in residents aged 60 + years
+ Positioned just 3km from the Mt Eliza Village, underpinned by Woolworths, IGA, Australia Post and many national and local retailers. 
+ Rising utilisation of healthcare services due to increased government funding which is focused on making healthcare more affordable and accessible
+ Australia spent an estimated $241.3 billion on health goods and services in 2020 2021 this is an average of approximately $9,365 per person ^^

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

Mark Stafford | 0404 401 053
Simon Quinn | 0409 261 276
MingXuan Li   | 0498 688 998

*Approx.
^ VicRoads
^^ Trade Area Analysis Report 2021

National Operator Family Doctor
Popular Local Medical Centre
Significant Underlying Landholding