Suite 10, 517 St Kilda Road, Melbourne, VIC 3000

Medical

For Sale $408,500

  • Property ID: 449453
  • Floor Area: 70m²
  • Occupancy: Tenanted
A FIRST DOSE OF AN INVESTORS MEDICINE.

POINT OF INTEREST:

An entry-level commercial investment with the healthiest prognosis from experts, this specialty medical suite is a valuable piece of the renowned healthcare precinct in which it resides. The building itself is home to various clinicians and consultants, while suite 10 has been leased to Scope Healthcare since the beginning of August. The 70 sqm* investment is made up of multiple private consulting and treatment rooms, a reception and administration area, a waiting area, and self-contained amenities for patients and staff alike. A few of these include 2 allocated basement car spots, an on-site café for caffeine prescriptions, and the Commercial Road trams just outside the building. With a healthy dose of natural sunlight beaming from views of Albert Park Lake and the parklands, you’re situated moments from The Alfred Hospital and Fawkner Park.

- Leased to Scope Healthcare Limited. (https://scopehealthcare.com.au)
- 2-year term with 2 further options of 2 years.
- Agreement began 1st August 2024.
- $6,875 in bond and 2 Director guarantors.
- 70 sqm* total building area.
- 2 allocated basement car spaces.
- Café on site
- Opposite The Alfred Hospital.
- Meters from Commercial Road trams.

POINT OF VIEW:

When it comes to investing, go where the industry has established itself. The Alfred has anchored this medical pocket of Melbourne for decades, and by adding this to your portfolio, you’re buying into the secure and healthy returns of a suite package by association.


*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: 60 Days
  • Lease Term: 2 years with 2 further options of 2 years
  • Rent Review: 3 % annual increases
  • Car Spaces: 2 Allocated car parks on site
  • Condition: Excellent
  • Air Conditioning: Yes
  • Floors: Carpet / Vinyl / Timber
  • Lifts: To floor
  • Height: 2.5m (approx)
  • Age: 20 years plus
  • Car Parking Fees: SRO Congestion Levy applies paid by tenant
Outgoings
  • Water Rates: $1,100.00
  • Land Tax: TBC
  • Council Rates: $1,400.00
  • Owners Corp. / Insurance: $7,500.00
  • Other Charges: Congestion Levey for 2 car spots $3,380.00
Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $305 ---
Retail --- $769 ---
Offices $6271 $799 12.74%
This is the average advertised price, rent and yield for Melbourne, VIC 3000*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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