Under Renovation - Medical Investment Opportunity
We are pleased to present this extraordinary investment opportunity. 11 Queen Street, Grafton is currently leased to BUPA Dental with a 5 + 5 + 5 year lease in place.
Extensive work had been placed in the refurbishment of this former home; transforming the property into an immaculately presented dental practice. The property features stained timber floors and a light and airy reception area. There are five specialist consult rooms, dedicated sanitising and storage rooms as well as staff breakout areas. On inspection of this property, the quality will astound as it presents perfectly and in a neat package. The property is again under refurbishment, with expansion underway in to the existing carport area. This expansion will provide upgraded staff amenities.
The tenant is currently in year three of the initial lease term, with a potential eleven years remaining. 100% of the property outgoings are recoverable under the terms of the lease. The current net rent of $35,000 + GST per annum represents a true net income value.
This truly presents an incredible investment opportunity with the potential to affordably acquire an A-Grade medical asset to diversify and/or further strengthen your investment portfolio. Inspection is strictly by appointment only. Contact Dougherty Property on 66422 722 to obtain a copy of the Information Memorandum and to book your inspection today.
- By appointment
Floor Plan #1
11 Queen Street, GRAFTON