275 Manningham Road Templestowe Lower VIC 3107

Burgess Rawson is pleased to offer to market 'Dental One' located at 275 Manningham Road, Templestowe Lower VIC for sale via Investment Portfolio Auction 175.

The property has the following key investment highlights:

+ Brand new 10-year lease to 2034 plus two (2) further ten (10) year options to 2054.
+ Dental One: Established and successful dental provider over 10+ years with 8 locations across Victoria. (1)
+ Landlord favourable net lease terms, with Dental One responsible for usual outgoings including council rates, water rates and building insurance.
+ Fixed 3% annual rent increases, ensuring continued income growth.
+ Impressive 484 sqm* modern facility, incorporating two reception areas, 14 consult rooms, admin, laboratory staff and customer amenities, plus 13 basement car spaces.
+ Recent 2023 construction maximum tax saving depreciation benefits with 65.6% of year 1 potentially free of income tax.
+ Prime high-exposure 714 sqm freehold landholding on a major commuter road with 28,000+ vehicles passing daily, and easy access to Melbourne CBD and Westfield Doncaster. (2)
+ Strategic position close to one of the largest medical centres in Melbourne's eastern suburbs, Manningham Medical Centre.
+ High traffic destination location evidenced by Coles, McDonald's, and Aldi supermarkets all within 600m*.
+ Templestowe Lower: only 13km* from Melbourne CBD, affluent inner metro suburb home to 14,574 residents and median house price of $1.35 million. (3)
+ Net Rent: $234,000 pa + GST.

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 26 March
River Room - Crown Casino, Melbourne

1 Dental One
2 GapMaps
3 Profile.id