September 15, 2016

BRAND NEW 5 YEAR LEASE

AUCTION
Thursday 13th October 2016 at 12 noon on site

116 Patterson Road, Bentleigh 
SOUND MEDICAL INVESTMENT

Situated within Bentleigh’s newest growth area, 116 Patterson Road offers solid returns to the investor via its new tenant, SunDoctors Skin Cancer Clinic.  With a brand new five-year lease at $45,000 net per annum plus outgoings, and two further five-year options, this ground floor property provides a triple AAA tenant and long-term investment.

James Glen, Senior Sales and Leasing Executive, continues, “This relatively new premises, in a great location, has a full fit-out providing depreciation benefits to investors.  With the added bonus of having SunDoctors as a long-term tenant, this property would be an ideal purchase for a first-time investor, or make a great addition to any existing property portfolio.”

With two car spaces on title, 116 Patterson Road has a 10 metre street frontage and a floor area of 170m2.  It comprises four large consulting rooms and a reception area, making it ideal for a medical practice. 

Glen continues, “With easy access to South Road, Centre Road and Nepean Highway, this site would continue to be an excellent long-term medical premises if the tenant was ever to move out.  Also, over half of all households in Bentleigh are families with children, with the average income of these households being 25% higher than the Victorian average.  Combined with a median age of 39 years in Bentleigh, above the Victorian average of 37 years, demand for medical services remains strong.”

For more information, please contact:

James Glen
Senior Sales Executive
0401 493 277 or 9559 3888