$2,250,000

-FIRST TIME OFFERED FOR SALE IN 20 YEARS

-CURRENTLY RETURNING $114,580 PER ANNUM NET

-LEASED TO ASX LISTED TENANT TRADING AS “BACK IN MOTION”

Jellis Craig are pleased to offer for sale, this spacious and functional Allied Health investment in the heart of Eltham with Main Road exposure.

Currently leased to BIM Physiotherapy Group Holding Limited trading as Back in Motion, on a recently renewed five (5) year lease until late 2028 with further option and currently returning approx. $114,580 per annum net plus GST.

This asset is well positioned on Bolton Street and enjoys the benefits of being in a modern tilt-slab construction building allowing for flexibility of use in the future. Currently the tenancy consists of spacious reception / waiting area, nine (9) treatment rooms, Pilates studio, gymnasium, oversized staff room with balcony, offices with storage, laundry, and multiple bathrooms.

All this with the convenience of being set amongst a number of popular national retailers such as McDonalds, Bunnings, Autobarn, Super Cheap Auto, Tyre Power, Wattyl Paint, Middy’s, Forty Winks, Petbarn and many others all in the heart of the action!

Features:

-Returning $114,580 per annum net plus GST

-ASX listed tenant, trading as Back in Motion

-Building area: 525 m2 (approx.)

-Recently renewed five (5) year lease, with further option remaining

-Annual CPI increases, and market review at option

-Fitted and functional allied health space, currently with 9 treatment rooms,

Pilates studio, gym, staff room, office, and reception.

-Multiple bathrooms

-Excellent onsite staff / customer car parking

-Well serviced by public transport

-Industrial 3 Zoning

-Suitable for variety of uses (STCA)

Please contact the exclusive sales and marketing agent for further information.

Land size: 525 Square Metres approx.

Request Section 32

Due diligence checklist