GEELONG CBD’S BEST MEDICAL INVESTMENT LEASED TO GLOBAL TENANT

Fitzroys in conjunction with Darcy Jarman, under instructions from Advise Transact, are delighted to offer for sale via public auction on Friday 12th September at 11am, an exceptionally presented freehold investment leased to Australia’s leading integrated dental services tenant at 118-120 Ryrie Street, Geelong.

Key attributes include:

•  Brand new lease until 2041 to global medical provider, Bupa Dental
•  Founded in 1947, Bupa is a world leader in healthcare services with 38 million customers across 15 countries*
•  Returning $175,000 per annum plus GST
•  Fixed 4% annual rental increases providing excellent built in rental growth
•  Tenant pays all usual outgoings
•  Commanding, fully refurbished building of 289sqm*
•  Well-proportioned site of 257sqm* with street frontage of 10.38 metres*
•  Directly opposite pedestrian crossing providing guaranteed passing foot traffic
•  Positioned in the heart of the CBD, perfectly situated between Geelong’s medical precinct (200m* to St John of God Hospital and 800m* to Barwon Health Hospital) and Little Malop Street’s thriving hospitality precinct
•  Surrounded by a number of reputable medical consulting/health service businesses including the Ryrie Street Medical Hub, Berth, Barwon Health, Park Street GP, Geelong Paediatric Group, Spec Savers and Blooms Chemist
•  Close to traffic generators including the headquarters of TAC, NDIS and WorkSafe along with Geelong Library & Heritage Centre, Geelong Gallery, Deakin University and the Geelong Train Station
•  Greater Geelong is one of Australia’s fastest growing regions with the population forecast to increase by 28.7%* between 2024-2034

*Approx.

Back to property search