1 Patullos Road, Lara, Vic 3212

Darcy Jarman is delighted to offer for sale the Lara Medical Centre. This longstanding medical clinic is leased to GMHBA in a purpose-built medical facility.

An exceptional investment opportunity with secure, long-term tenure, with lease agreements extend through 2037. This highly reputable GP Clinic includes an integrated pathology section, ensuring comprehensive medical services. Strategically positioned on a major thoroughfare in the thriving heart of Lara, one of Geelong’s fastest-growing suburbs. 

Its prime positioning in a high-growth area, combined with its dual healthcare services, makes this property an outstanding investment offering.

Investment Highlights:
• Purpose-built 492sqm* medical centre with GP clinic and pathology
• Tenant: GMHBA Ltd, trading as Lara Medical Centre
• Income: $214,167 p.a. net plus GST and outgoings, with annual CPI increases
• Lease: 5-year lease, plus options extending to 2037
• On-site parking for 14+ car spaces, complemented by ample street parking and a large council car park
• Prime corner landholding of 1,130sqm*
• High-exposure location with 104m* of frontage to Patullos Road and Kees Road
• Potential 50% stamp duty concessions

Geelong remains one of the fastest-growing cities in Australia, with its population expected to reach 510,000 by 2050 (currently 280,000).

1 Patullos Rd, Lara is for sale via Public Auction on Thursday, 27th March at 12pm, on-site.

To request information or arrange an inspection, please contact the below agents:
Tim Darcy + 61 418 522 523
Andrew Prowse + 61 418 534 076