AAA+ MEDICAL CENTRE INVESTMENT WITH 10 YEAR LEASE & FIXED GROWTH

Fitzroys in conjunction with Stonebridge, under instructions from Advise Transact, are delighted to offer this highly impressive, securely leased essential healthcare investment at 14-16 Brice Avenue, Mooroolbark for sale via public auction on Wednesday 1st April at 1pm onsite.

Key highlights include:

• New long term lease to a highly experienced General Practice (GP) medical group with 30+ years of trading history in the immediate area

• Strong 10 year net lease with options through to 2050 and fixed annual rental growth

• Annual income is supported by a strategic sub lease to publicly listed pathology provider Australian Clinical Labs (ASX: ACL), assisting with the tenants rental obligations

• Returning $169,500 pa* + GST + Outgoings (as of July 26)

• Boasting a high quality and double fronted 402sqm* building with brand new medical centre fit out - completed 2025

• Spanning a significant 480sqm* landholding with rear lane access and the convenience of 4 on title car parks

• 12.6 metres* of unmissable street frontage facing major train station and the core Mooroolbark activity centre

• Set amongst national retailers including Coles supermarket and a number of complementary healthcare and pharmacy businesses

• In the centre of an ideal healthcare location underpinned by a growing and ageing population (24.1% of residents are aged 60+)

For further information or an inspection of 14-16 Brice Avenue, Mooroolbark, please contact selling agents Chris Kombi and Ben Liu of Fitzroys or Nic Hage and Ian Lam of Stonebridge.

*approx.