Burgess Rawson is pleased to offer to the market 493 Ballarat Road, Sunshine VIC for sale via Expressions of Interest.
The property has the following investment highlights:
+ Ten (10) year lease to 2027 plus five (5) further five (5) year options to 2052
+ Dr Gastroenterology & Dr Scope: Melbourne's leading gastroenterology and hepatology practice specialising in Endoscopy and procedures of the Gastrointestinal tract
+ Land rich 2,131sqm* freehold site with exposure to 60,000+ vehicles passing daily*
+ Favourable 'Activity Centre Zone 1' zoning, allowing for buildings up to 8-9 storeys (30 metres)
+ State-of-the-art 1,000sqm* day hospital with important 21 on-site car parks
+ Tenant pays outgoings as per the lease
+ Strong and certain rental growth with fixed annual, compounding 3% increases
+ Located 250 metres from Vicinity-owned Sunshine Marketplace, a single supermarket and DDS shopping centre anchored by Woolworths and Big W, complemented by over 50 specialty stores
+ Surrounded by complementary national retailers Bunnings, Woolworths, Coles, ALDI, Dan Murphy's, JB Hi-Fi, McDonald's, KFC, Hungry Jack's and Big W, all within 1km*
+ Melbourne's 2nd largest LGA, the City of Brimbank, generates $20.617 billion in annual economic output with an estimated 68,126 jobs in the area
+ To support the City of Brimbank's growing population, building approvals have increased by 63% to $846 million since FY2021
+ Sunshine: strategic metro Melbourne location just 11km* west of Melbourne CBD, population forecast to grow 67.3% by 2041
+ Net Income: $528,544 pa* + GST
For sale via Expressions of Interest closing Wednesday 27 March 2024 at 4pm AEDT (if not sold prior).
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
