FOR SALE 5% return
Medical centre on ground floor @ 186 Bay st Brighton vic 3186
Rear Access from Outer Cres
Permit for 6 practitioners 3 years old
Floor Area 372 m2 Approx.
10 x car spaces
13 boutique apartment above (not included in this sale)
Sale price $4mil with a $200,000 per annum 6 year lease and two x 5 year option.
5% cap rate = $4mil secure investment
Usual expected cap rate in a bluechip suburb is 2.8% to 3.5%
Tenant: Spar Olive Tea Vic
Rent $200,000 p/annum plus GST
Plus 100% outgoings
Lease term: six years starting 16th July 2020
Permitted use : Office - Healthcare
Fixed rent review:
3% annual increase on 16th July each calendar year.
2 Further terms of 5 years
Security: $200,000 Fixed
We have the following documents available upon request:
1/ Contract of sale
2/ Vendor Statement
3/ Lease agreement