84-86 Vellgrove Avenue,
Parkwood, WA 6147

Burgess Rawson are pleased to present to the market for sale, 84-86 Vellgrove Avenue, Parkwood. This blue chip ‘set and forget’ asset is offered for sale via Offers Invited closing at 2pm on the 4th December 2024.

The property offers investors the opportunity to acquire a fully leased medical asset residing on a large 2,000sqm corner block. The property’s improvements comprise of a 424sqm single level medical facility that is split into 4 separate tenancies. The property has been used as a medical centre for many years servicing the Parkwood and surrounding suburbs for their medical needs. The asset is anchored by Parkwood Medical Centre and supported by Clinical Laboratories Pathology, Prime Physio & Pilates and a barber.


Features:

+ Outstanding Fully Leased Freehold Medical Investment
+ Multiple tenants anchored by the Parkwood Medical Centre
+ 2,000sqm corner land parcel
+ 424sqm of lettable area.
+ 4 tenancies varying in size
+ Net Income of $157,167.15 pa
+ Medical centre for +30 years
+ Zoned ‘Local Centre’
+ Highly desirable recession proof asset
+ 31 onsite parking bays


Location
The property resides in the growing south eastern corridor of the Perth metropolitan area surrounded predominately by residential dwellings and is just;

+ 1.6km* from Roe Highway
+ 1.3km* from Parkwood Primary School
+ 15.4km* from the Perth CBD
+ 7.1km* from the Kwinana Freeway
+ 8.9km* from Fiona Stanley Hospital
+ 550 metres* from Whaleback Golf Course

Zoning
The property is zoned ‘Local Centre’ according to the City of Canning Local Planning Scheme No. 42.

Legal Description
The property is described as Lot 94 on Diagram 57206 Volume 1542 Folio 49.

Sales Process
The property will be sold via Offers Invited closing at 2pm on the 4th of December 2024.

The Seller reserves the right to sell the property prior to the close of the campaign.


For further information please contact the exclusive selling agents Luke Randazzo on 0417 181 3... & Brodie Keay on 0403 552 8....

*Approx