Office

396-400 High Street, Windsor

396-400 High Street Windsor, VIC Australia 3181
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Building Area Gross
Land Area Gross ()
Occupancy 66.0 %

Asset Description

JLL Melbourne has the exclusive privilege of offering for sale Prahran East Medical Centre, 396-400 High Street - a first class investment opportunity with immediate upside.

 

Key details of the opportunity include:

+ Three high profile adjoining freeholds totalling 414sqm*

Leased to renowned local medical centre, with 40+ years of trading

Estimated fully leased net rental of $208,500 per annum + GST & Outgoings

+ Fixed annual rental growth of 4.0% per annum

+ Leases provide 12-month demolition clauses

+ Prominent city-fringe landholding of 743sqm* with side laneway access

+ High exposure frontage to famed High Street of over 18 metres*

+ Favourable Commercial 1 and General Residential Zoning, permitting future redevelopment potential (STCA)

+ Strategically positioned within the Prahran Medical precinct, located just 400m* from The Avenue & Windsor Private Hospitals

+ Moments away from the highly-sought after Chapel Street district, offering an abundance of retail and culinary opportunities

 

*Approx.

 

Prahran East Medical Centre, 396-400 High Street is For Sale by Auction on Friday 7 October 2022 at 2.30pm.

 

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

 

Tim Carr | +61 415 767 915

Mark Stafford | +61 404 401 053

Josh Rutman | +61 411 27 37 46

MingXuan Li | +61 498 688 998

Investment Highlights

Longstanding tenant of more than 40 years

Strong lease profiles until 2029

12-month demolition clauses

Last Updated Date: 15 Sep 2022

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Last Updated Date: 15 Sep 2022

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