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JLL and Cushman & Wakefield are pleased to present for sale Modern Medical Spotswood. Conveniently located at the corner of Hall Street and Hudson Road in the attractive and evolving suburb of Spotswood, the medical centre is a rare metropolitan Melbourne healthcare investment, providing a variety of services including a GP Clinic, a pathology suite, a pharmacy and ancillary services.
- Modern two-level medical investment with strong tenant covenant on high profile corner site.
- Complemented by ground floor pharmacy, providing high volume of foot traffic and access to ancillary services
- Total Net Lettable Area of 1,136 sqm*
- Passing Net Income of $607,000 pa* (as at 1 May 2022)
- 3.18 year WALE (by Income)
- Well-serviced by Public Transport networks on both Hall Street and Hudson Road buses, with Spotswood Train Station just 100m* away.
- At-grade carparking providing 22 car bays
- Benefitting from Spotswood-South Kingsville Precinct ‘s strong forecasted population growth, with a forecast increase of 81.4% over the next 20 years.
The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).
Modern Medical Spotswood is available individually or as part of the National Healthcare Portfolio. The Portfolio includes 9 securely leased medical assets across four states, with a combined net income of $7.32 million, and anchored by a range of blue chip national medical tenants such as Aurora, Nexus Day Hospitals, ForHealth, St Vincents and IPN Medical Centres.
The Portfolio includes:
- Kogarah Private Hospital, 1 Derby Street, Kogarah NSW
- Chermside Medical Complex, Lots 2-6 & 9-10, 956 Gympie Road, Chermside QLD
- IPN Logan Central, 295 Kingston Road, Logan Central QLD
- IPN Forest Lake, 7 High Street, Forest Lake QLD
- Mackay Private Hospital, 57 Norris Road, Mount Pleasant QLD
- Gympie Private Hospital, 74-86 Channon Street, Gympie QLD
- Modern Medical Spotswood, 196 Hall Street, Spotswood VIC
- St Vincent's Specialist Centre, 574 Melton Highway, Sydenham VIC
- Rockingham Medical Centre, 18 Civic Boulevard, Rockingham WA