1130 Padman Drive, WEST ALBURY


Bluechip, Set And Forget Investment

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1130 Padman Drive, West Albury View on map


Stean Nicholls are pleased to offer for sale this outstanding freehold Bluechip investment in West Albury’s medical precinct.

1130 Padman Drive presents a secure, premium investment opportunity tenanted by ASX listed Ramsay Health Care (ASX:RHC) on a brand new 5 year lease with options until 2033.

This prominent building offers a single storey, extensively renovated medical centre located alongside the regions largest private hospital.

Investment features include:
- $120,000 P.A net income*
- Brand new 5 year lease commencing 1 June 2018 with 2 x 5 year options
- ASX listed national tenant
- Tenant pays all outgoings
- 461 sqm building area
- Full Capital and Depreciation Schedule has been completed with significant depreciation allowances
- Annual rent reviews of CPI or 3%, whichever is greater
- 21 on site carpark
- Surrounded by other medical practices
- Land allows for further expansion if required (STCA)

1130 Padman Drive is a set and forget investment.



Assigned agent


Michelle Jones

Commercial Sales and Leasing

[email protected]

0408 223 776

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