Melbourne, 23 October 2013-A prominent medical centre in Box Hill is being offered for sale, offering a unique investment opportunity to secure a prime corner landing in one of Melbourne’s fastest growing suburbs.
Located at 852 Whitehorse Road, the two-level building has a net lettable area of 680sqm and features a 16-space basement car park. The property is currently leased to Vision Eye Centre on a five-year term, with one five-year option.
CBRE’s Justin Clarkson and Jamus Campbell, who are marketing the property on behalf of vendor White Diagnostic Centre, said the strong tenancy covenant and building’s corner location would be key selling factors.
“This property represents an attractive investment opportunity to secure a centrally positioned commercial asset securely leased to an established medical services provider,” Mr Campbell said.
“It also benefits from a high profile corner location abutting the Centro Box Hill Shopping Centre – a factor that will no doubt be appealing to the building’s future owner and tenants alike.”
The two level building also features 10 consulting rooms, a 5mx5m operating theatre and recovery and treatment rooms.
The site, which was formerly a car-yard, was purchased by the current owner in 1985, whereby they stayed as the owner-occupier until 1990.
Due to the property’s close proximity to Box Hill Hospital, it was granted the required license to operate as a day procedure centre in 1994, reopening in 2000 as an eye clinic.
The property is being offered for sale by auction Thursday, November 14 at 12pm.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.