Vinci Carbone is delighted to present this exceptional city fringe healthcare investment - a rare opportunity leased to Absolute Physiotherapy until 2027, who have occupied the property for over 20 years. This prime freehold property offers investors the chance to secure an outstanding investment in the highly sought-after inner-city location of Prahran.
Comprising two levels and a total of 174 sqm* of versatile space, this property boasts a newly renewed three (3) year lease plus a further term of three (3) years with a solid and well-established tenant, making it an attractive option for discerning investors.
Investment Overview:
+ Well-Established Tenant: Currently leased to the esteemed Absolute Physiotherapy under a newly renewed three (3) year lease plus a further term of three (3) years. This property has been home to Absolute Physiotherapy since 2002. This long-term tenant demonstrates reliability and a strong commitment to the location.
+ Solid Income Stream: The property generates a robust return of $90,000 per annum* plus outgoings, providing a solid income stream for investors.
+ Improvements: The two-level Victorian building offers 174 sqm* of functional space and includes off-street parking for up to four vehicles, enhancing convenience for both tenants and clients.
+ Healthcare Sector Investment: This property is strategically leased to a thriving healthcare sector business, making it an ideal choice for investors seeking stability and growth.
+ Valuable Landholding: Spanning over 209 sqm of Activity Centre zoned land.
+ High Visibility: Benefit from significant daily exposure to both vehicle and pedestrian traffic, ensuring that your healthcare investment remains highly visible and easily accessible.
+ Exceptional Public Transport Access: Enjoy outstanding public transport connectivity, with regular tram services (Route 6) stopping directly on High Street. Prahran Train Station is conveniently located just 350 metres* away, providing seamless access to the CBD and surrounding suburbs.
+ Convenience At Your Doorstep: Experience a vibrant selection of shopping and dining options right at your doorstep, including the lively Chapel Street retail and café strip, bustling Prahran Market, and major supermarkets like Coles, Woolworths and ALDI. Nearby Greville Street features charming boutiques and local artisans, while essential services such as The Avenue Hospital and The Alfred Hospital are just moments away. Enjoy the scenic nearby Fawkner Park and Albert Park Lake for leisure and relaxation.
For Sale by Expressions of Interest closing Thursday 5 December at 4pm
*approx.