Healthcare

677 Boronia Road, Wantirna

677 Boronia Road Wantirna, VIC Australia 3152
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Building Area Gross
Occupancy 100.0 %

Asset Description

JLL Melbourne has the exclusive privilege of offering for sale this prominent freehold investment located at 677 Boronia Road, Wantirna. 


Key details of the opportunity include:


+ High exposure, 715sqm* two-level freehold asset 

+ Leased to Government supported NDIS & aged-care services provider - Morcare Services (one of only 22 registered NDIS providers in Victoria)

+ Morcare Services has almost 30 years of experience providing services to Victorian residents

+ Renewed 3 + 3 year lease until December 2028

+ Net income of $212,000 per annum + GST & Outgoings, including Land Tax (as at Dec-22)

+ Strong fixed 3% annual increases 

+ High exposure frontage of 20m* to Boronia Road with 18,000* passing vehicles daily^

+ Significant underlying landholding of 1,052sqm* 

+ 28 secure undercover car spaces 

+ Flexible Commercial 1 Zone 

+ Strategically positioned opposite the $900m bipartisan supported Wantirna Health Precinct (WHP) and Knox Private Hospital

+ Well located just moments from Eastlink providing access to greater Melbourne 


*Approx.

^ Vicroads


EOI NOW CLOSED.


To obtain further information or to arrange an inspection, please contact the exclusive selling agents.


Mark Stafford | 0404 401 053

Jesse Radisich | 0402 085 702

Tim Carr | 0415 767 915

MingXuan Li 李名轩 | 0498 688 998

Investment Highlights

  • High Exposure 715sqm* Building 
  • Leased to NDIS Provider
  • Tenant pays Land Tax
Last Updated Date: 23 Nov 2022

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Last Updated Date: 23 Nov 2022

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