A freestanding medical investment in Melbourne’s south-east has been listed for sale.
CBRE’s Victorian Health, Aged & Child Care team has been appointed to sell 56 Victor Crescent – comprising a 1,620sqm freestanding commercial premises.
Positioned on a 4,177sqm site, the property is anchored by a 10-year lease to ASX-listed Primary Health Care Limited - trading as the NARREGATE Medical & Dental Centre - generating an annual income of approximately $595,164.
CBRE’s Sandro Peluso, who is steering the campaign with fellow agent Josh Tweftree, said the property’s central position in Narre Warren’s medical precinct was a strong attraction.
“Leased to an ASX-listed tenant, this property represents an outstanding opportunity to secure a foothold in an established and high profile medical precinct in Melbourne’s south-east,” Mr Peluso said.
“Narre Warren is home to a growing number of families, whom are attracted to the suburb’s substantial amenity, which includes Fountain Gate – one of Australia’s largest shopping centres.”
The property is located approximately 1km from the Narre Warren railway station, as well as in close proximity to the M1 and Monash Freeway.
The property is being sold via Expressions of Interest closing July 6.
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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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
