A modern day hospital/medical centre has come to market, presenting an opportunity for investors to secure an extremely rare type of medical investment.
A modern day hospital/medical centre has come to market, presenting an opportunity for investors to secure an extremely rare type of medical investment.
Occupied by Dr Gastroenterology and Dr Scope, the property forms the largest facility of its type in the area at 493 Ballarat Road, Sunshine, and is expected to fetch offers of more than $9 million.
Savills Australia’s Julian Heatherich and Benson Zhou have been appointed to sell the state-of-the-art centre via expressions of interest.
Mr Heatherich said the asset provided an “exceptional opportunity for an astute investor” with a 10-year lease in place to Dr Gastroenterology and Dr Scope, two well-renowned medical tenants in the area.
“Dr Gastroenterology and Dr Scope comprise the largest gastroenterology and hepatology practice in Melbourne’s west, offering a mix of superior-quality technology and services,” he said.
Founded in 2013, the practice now services more than 20,000 patients, while its day surgery centre can service up to 6,000 patients per year.
Taking into account the centre’s cutting-edge facilities, the current net rental is $630,000 per annum, with Mr Heatherich saying there was capacity to accommodate future growth within the practice.
“The tenant has undertaken a significant investment into the centre, incorporating the latest in design and technology and comprising two day theatres, pathology rooms, 10 consulting rooms and extensive service and support spaces,” he said.
The facility fronts Ballarat Road and benefits from high exposure to more than 45,000 passing cars daily. It is surrounded by extensive retail and lifestyle amenities, including Sunshine Marketplace and Sunshine Plaza Shopping Centre, and is opposite Victoria University’s new Sunshine campus.
Expressions of interest close Wednesday 2pm 30 May, and are to be submitted to the appointed agents.