1130 Padman Drive, WEST ALBURY
Bluechip, Set And Forget Investment
Description
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.
