1029 Nepean Highway, Moorabbin

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Friday, 23rd June 2023

Long Term Medical Lease on the Highway

Nichols Crowder, in conjunction with Dixon Kestles are thrilled to bring to the market via Private Sale one of the most unique and affordable investments available for the savvy investor to capitalise on.

Uniquely positioned along the highly sought after Nepean Highway with corner street profile, it is in close proximity to Moorabbin’s main business/retail hub and train station.

The property is not only in an affordable price range, but in effect priced to be considered land value with income. At this price level it is unusual to be able to offer a non strata title which means higher capital growth and appreciation.

So, with an ideal location, profile, affordability and a long lease to an established tenant – this investment is sure to look good in your property portfolio.

TENANCY:

* Leased to Well Being Chiropractic (Moorabbin) P/L
* Over 50 locations Australia wide
* Net income of $53,560 per annum (as at July 2023)
* Five (5) Year lease expiring 30th June 2027
* Three (3) further options of five (5) years through until June 2042
* Fixed increases of 3% annually and market review at option
* Property has been a chiropractic clinic for over 60 years

PROPERTY FEATURES INCLUDE:

* Total building area: 128sqm*
* Total land area: 548sqm*
* Incredible street frontage of over 48m*
* Four (4) car spaces on title
* Made up of treatment rooms, reception area, admin office, toilet and shower
* Great underlying zoning of GRZ2 – residential development upside long term

For further information please contact the exclusive selling agents below:

NICHOLS CROWDER:
James Glen 0401 493 277
Matt Nichols 0418 186 488

DIXON KESTLES
John Pratt 0412 350 828

PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorized use is strictly prohibited.

Put your property with the Leaders of the South East

We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.

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