1/97 George Street Kippa-ring

$1,199,000



Medical Investment with multiple tenants

Situated within the Peninsula Specialist Centre in Kippa Ring this medical suite underwent a full internal renovation in recent years making this a stylish and modern facility. Presently leased as medical rooms to five allied health and specialist medical practitioners, this suite provides some risk diversity having multiple tenants in place.

A majority of the leases, have been renewed for three years and tenants include Sullivan Nicholaides Pathology, sleep disorder treatment rooms, Respiratory & Sleep Physician and General Medicine Physician/Specialist, physio and a cardiologist. Presently the property produces a net income of $81,439. Some of the features of the suite includes the following:

• Approximately 193m2 with full ducted air conditioning that was replaced during renovations

• Duel access into two reception areas at front and rear with waiting rooms

• Capacity to split office into two suites

• Seven consulting rooms and two offices

• Kichenette and internal amenities

• External exposure to the car park and main road with great signage opportunities

• Located within a fully dedicated specialist centre with up to 20 suites and a Healthscope private hospital

This investment property with well established medical practitioners as tenants represents a great opportunity for you to add to your investment portfolio. For more information including an information memorandum or to arrange inspection contact Glen or Steve today.

Glen Mare

Glen Mare Senior Sales & Leasing Executive

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Property Information

Property Type Medical/Consulting rooms, Medical/Consulting, Offices