1 Laurimar Boulevard, Doreen, Vic 3754

Burgess Rawson is pleased to offer to market a premium medical facility located at 1 Laurimar Boulevard, Doreen (Melbourne) VIC for sale via our Investment Auction Portfolio 169.

The property has the following investment highlights:

+ Premium standalone medical health facility with a brand new 10-year lease to 2034 plus options to 2049.
+ Laurimar Paediatric Specialist Centre: Providing specialized services for children.
+ The subject property is the only paediatric specialist centre within Doreen, servicing the entire locality and the surrounding suburbs.
+ Secure, set-and-forget net lease structure with the tenant responsible for all outgoings excluding Land Tax.
+ Minimal management investment with single lease across all tenancies.
+ Strong and certain income growth with fixed annual, compounding 3% increases.
+ Constructed in 2018, offering significant depreciation benefits with $226,000 (70%*) of current years rent potentially tax free.
+ Freehold 1,052sqm* corner site with 98m* triple street frontage.
+ Immaculate two-level 680sqm* medical facility.
+ 21 on-title car park spaces.
+ Situated amongst a multitude of complementary tenants, directly opposite Little Flyers Childcare Centre, Laurimar Community Activity Centre and Laurimar Primary School.
+ CBD position only 200 metres from Woolworths, Bakers Delight and Chemist Discount Centre.
+ City of Whittlesea: one of Australia's fastest growing LGA's, forecast to grow 55% to 360,000+ by 2041.**
+ Outlined in the Australia Government Health Budget for 2022/23, the healthcare market has seen an increase in capital highlighted by a $105 billion investment, representing 16.8% of the Australian Government’s total expenditure.***
+ Net Income: $325,950 pa* + GST

To be sold by Investment Portfolio Auction (unless sold prior)
10:30am AEST Wednesday 26 June 2024
Conference Hall, Crown Casino, Melbourne

*Approx.
**Forecast.id
***Parliament of Australia