799-801 Toorak Road
hawthorn east VIC 3123

Description

First National JXRE is excited to present to you this remarkable development prospect.

This impressive 2000sqm (approx) block currently consists of two buildings with the following tenants – Medical, Dental, Pharmacy, Psychology, Physiotherapy and Pathology clinics. The current rental income is $490,000 per annum inc. gst. The lease terms are flexible and negotiable.

Concept plans for an outstanding five-level facility consisting of the following:

Ground Level:

Childcare Centre for registration for 160 children.

Anticipated rental return is 160 (registration places) x $4,800 per place = $768,000 per annum. plus GST

Level 1:

Medical, radiology, pathology and pharmacy clinics.

Anticipated rental return is $760/1200sqm = $912,000. plus GST

Level 2:

Dental, physiotherapy and hearing clinics, and gym.

Anticipated rental return is $760/1200sqm = $912,000. plus GST

Basement 1:

Day Procedure Centre.

Anticipated rental return is $800/1200sqm = $960,000. plus GST

Basement Car Parking:

For appropriately 100 cars (or more with car stackers).

This EXCEPTIONAL DEVELOPMENT SITE is situated on the northern side of Toorak Road, approximately 500 metres from the Monash Freeway and 700 metres from Tooronga train station, opposite the iconic Tooronga Village Complex, vibrant cafes and restaurants. It is surrounded by high-end shopping destinations including the nearby Camberwell and Malvern precincts and leading hospitals.

Settlement term is HIGHLY negotiable!

Express of your interest NOW!

Property Details

Property Type - Vacant Land

Land Area - 2000m2

Inspection Times

No open times currently available

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Contact Details

Get in touch with our team at First National Real Estate JXRE

Jason Xi

Authorised Principal, Administration, Commercial Sales, Office Manager, Property Management, Sales

03 9975 7888

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