St Vincent's Specialist Centre - 574 Melton Highway, Sydenham

574 Melton Highway Sydenham, VIC Australia 3037
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
Cap Rate N/A

Key facts

Year Built 2012
Tenure Type Freehold
Building Area Net
Land Area Net ()
Rentable Area
Occupancy 100.0 %

Property description

JLL and Cushman & Wakefield are pleased to present for sale a rare opportunity to acquire a modern, purpose built and fully leased medical facility, St Vincent’s Specialist Centre. Enjoying dual street frontages and substantial exposure to Melton HighwaySt Vincent’s Specialist Centre provides a wide range of specialist medical services including pulmonary and sleep diagnostics specialists, dentistry, cardiology, osteo and paediatrics amongst other specialties.

Investment highlights

  • Conveniently situated on a high-profile 1,516 sqm corner site
  • Blue Chip lease covenant fully leased to St Vincent’s Hospital.
  • Total Net Lettable Area of 591 sqm*
  • Passing Net Income of $224,000 pa* (as at 1 May 2022)
  • 3.38 year WALE (by Income)
  • Established and growing medical demand with a consistent forecasted local population growth of 5.4% in the Sydenham – Hillside.
  • Rarely offered specialist medical investment.

The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).

St Vincent’s Specialist Centre is available individually or as part of the National Healthcare Portfolio. The Portfolio includes 9 securely leased medical assets across four states, with a combined net income of $7.32 million, and anchored by a range of blue chip national medical tenants such as Aurora, Nexus Day Hospitals, ForHealth, St Vincents and IPN Medical Centres.

The Portfolio includes:

  • Kogarah Private Hospital, 1 Derby Street, Kogarah NSW
  • Chermside Medical Complex, Lots 2-6 & 9-10, 956 Gympie Road, Chermside QLD
  • IPN Logan Central, 295 Kingston Road, Logan Central QLD
  • IPN Forest Lake, 7 High Street, Forest Lake QLD
  • Mackay Private Hospital, 57 Norris Road, Mount Pleasant QLD
  • Gympie Private Hospital, 74-86 Channon Street, Gympie QLD
  • Modern Medical Spotswood, 196 Hall Street, Spotswood VIC
  • St Vincent's Specialist Centre, 574 Melton Highway, Sydenham VIC
  • Rockingham Medical Centre, 18 Civic Boulevard, Rockingham WA
Last Updated Date: 16 Aug 2022

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Last Updated Date: 16 Aug 2022

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