A freestanding medical clinic in Melbourne suburb of Croydon will go under the hammer next month through Barry Plant Commercial's Benjamin Klein and Gross Waddell's Andrew Greenway.
A well-established health facility in Melbourne's east will be auctioned next month, offering investors a stable foothold into the medical sector.
The freestanding clinic at 383 -387 Dorset Road, Croydon has been leased to Lifecare for the past three decades, with the health services provider signing a new five-year lease at the beginning of 2019.
With a focus on sports medicine, the business provides a range of rehabilitation services, including physiotherapy, musculoskeletal physiotherapy, women’s health and continence physiotherapy
Barry Plant Commercial Director Benjamin Klein, who is managing the sales campaign alongside Gross Waddell's Andrew Greenway, said the strength of the tenant would be one of the main drawcards for investors.
The interior of the clinic. Source: Barry Plant Commercial Property
"A property with this kind of secure tenant is going to be attractive to buyers," he said.
"People know the medical services such as those provided by LifeCare will always have a place in the community, as there is a consistent need for them."
Comprising a land area of about 2,024 square metres, the clinic benefits from 33 onsite car spaces, as well as excellent access off Dorset Road and a significant frontage of approximately 44 metres.
The building is zoned General Residential Zone 1.
A public auction for 383-387 Dorset Road will be held onsite on Thursday, April 2 at 12pm.
For more information, email or phone Benjamin Klein or Andrew Greenway via the details provided below.
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