492 Elgar Road, Box Hill

AAA INVESTMENT SECURELY LEASED TO GOVERNMENT TENANT + LAND TAX EXEMPT

Gorman Commercial is delighted to offer this premium investment for sale by way of public auction on Thursday 25^th June at 12pm on-site.

The property provides investors with the opportunity to acquire this purpose-built freehold, securely leased on a seven (7) year lease to Ambulance Victoria and located within the Box Hill medical precinct.

Key Highlights include:

• Secure & reliable income of $241,625 per annum + GST + Outgoings
• Extremely rare land tax exemption, whilst Ambulance Victoria are tenants, providing a huge benefit to Investors
• Seven (7) year lease term plus option
• A-Grade covenant leased to Government tenant – Ambulance Victoria
• Located within the Box Hill medical hub, underpinned by several medical institutions and hospitals including Box Hill Hospital (Eastern Health) and Epworth Eastern Private Hospital
• Box Hill Hospital
  - 48,000 ­­­patients annually 
  - An ambulance arrives at Box Hill Hospital roughly every 12 minutes
• Epworth Eastern Private Hospital
  - Leading private hospital with 223 beds
  - Brand new 14-story medical facility, part of major $162 million development
• Highly strategic location along Elgar Road and thoroughfare to major arterial routes in Eastern Freeway/Eastlink & Whitehorse Road providing direct access to major hospitals within the health precinct.
• Prominent corner land holding of 593sqm with excellent exposure and access/egress

Listing Highlights

• Secure & reliable income of $241,625 pa
• Extremely rare land tax exemption
• Seven (7) year lease term plus option

Property Details

Asset Type Other

Building Area 401 m2*

Land Area 593 m2*

Price Contact Agent