November 09, 2016

Premium Medical Investment

A rare opportunity has become available to purchase a fully-renovated medical property on the corner of busy Cranbourne-Frankston Road and Paterson Avenue in Langwarrin.  Located just a short drive from Frankston and in a large patient catchment area, these premises would make a great addition to any property investment portfolio.

James Dodge, Sales & Leasing Executive, explains, “Medical centres make great long-term investments.  This is because medical practitioners often renew leases multiple times as they look to build their client base.  As patient numbers grow, they are more likely to remain at the same facility and continue to grow their business.”

The property at 131 Cranbourne-Frankston Road comprises four consulting rooms, a manager’s office, collection room, reception area and kitchen.  It has been renovated throughout, with the fit-out designed and carried out under the guidance of an interior designer.  Further, the property benefits from being close to Peninsula Private Hospital and the general shortage of medical clinics across the region.

Dodge continues, “There tends to be a limited supply of medical sites in most areas due to requirements for clinics to have a medical permit.  This property has a permit for two medical practitioners at any one time.  Additionally, an ageing population provides favourable demographics for medical centres, effectively increasing the value of all medical premises.”

131 Cranbourne-Frankston Road, Langwarrin is being auctioned on site at midday on Friday, 25 November 2016. For more information, or to arrange an inspection, please contact:

James Dodge  0488 586 896

Geoff Crowder 0418 531 611.

To view the listing CLICK HERE