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JLL Melbourne has the exclusive privilege of offering for sale Prahran East Medical Centre, 396-400 High Street - a first class investment opportunity with immediate upside.
Key details of the opportunity include:
+ Three high profile adjoining freeholds totalling 414sqm*
Leased to renowned local medical centre, with 40+ years of trading
Estimated fully leased net rental of $208,500 per annum + GST & Outgoings
+ Fixed annual rental growth of 4.0% per annum
+ Leases provide 12-month demolition clauses
+ Prominent city-fringe landholding of 743sqm* with side laneway access
+ High exposure frontage to famed High Street of over 18 metres*
+ Favourable Commercial 1 and General Residential Zoning, permitting future redevelopment potential (STCA)
+ Strategically positioned within the Prahran Medical precinct, located just 400m* from The Avenue & Windsor Private Hospitals
+ Moments away from the highly-sought after Chapel Street district, offering an abundance of retail and culinary opportunities
Prahran East Medical Centre, 396-400 High Street is For Sale by Auction on Friday 7 October 2022 at 2.30pm.
To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
Tim Carr | +61 415 767 915
Mark Stafford | +61 404 401 053
Josh Rutman | +61 411 27 37 46
MingXuan Li | +61 498 688 998
Longstanding tenant of more than 40 years
Strong lease profiles until 2029
12-month demolition clauses