83D Purnell Road, Corio

Asset Type

Healthcare

Address
83D Purnell Road Corio, VIC Australia 3214
Asking Price

Contact for pricing

Sq Footage

5,027

Year Built

N/A

Cap Rate

N/A

Additional Attributes

Property Description

JLL is pleased to present Corio Village Medical Practice - 83D Purnell Road, Corio


· Established medical centre in prime location adjoining Corio Central shopping centre.

· Fully leased to Corio Village Medical Practice since 1996.

· Defensive and non-cyclical income profile.

· Brand new lease to 2022 with options to 2031.

· Net Income of $210,240.

· In built rental growth of 3.5% per annum.

· Net Lease with tenant paying all outgoings.


Corio Village Medical Practice is situated in the heart of Corio, adjoining the Corio Central Shopping Centre anchored by Woolworths, Coles and Kmart, with 6 mini majors, 85 specialty shops and 16 offices. The property benefits from exceptional connectivity, situated 1.2km from the Geelong Ring Road, providing direct connectivity to the Princes Freeway (Melbourne Road) and approx. 50 minute drive-time to Melbourne.


83D Purnell Road, Corio presents a high quality medical centre. The asset is fully leased to a long standing medical practice which has been in the area for more than 25 years. The centre also incorporates a range of Allied Health including Psychology, Podiatry and Audiology. The building and landscaping are both attractive and well-maintained whilst the internal layout is spacious and flooded with natural light. A conference room, staff amenities and archive storage are all located on the upstairs level.

 

JLL has the pleasure to offer for sale, Corio Village Medical Practice, located at 83D Purnell Road, Corio VIC, via Offers to Purchase closing Friday, 4 October at 2pm AEST. 

Investment Highlights


· Established medical centre in prime location adjoining Corio Central shopping centre.

· Fully leased to Corio Village Medical Practice since 1996.

· Defensive and non-cyclical income profile.

· Brand new lease to 2022 with options to 2031.

· Net Income of $210,240.

· In built rental growth of 3.5% per annum.

· Net Lease with tenant paying all outgoings.

Listing Contacts
Simon Quinn
Manager
+61292208726
David Hill
Director, Alternative Investments - Australia
+61396726506
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