368 Tooronga Road,
Hawthorn East, VIC 3123

Occupying a prominent 520m2 (approx.) corner position in prestigious Hawthorn East, this reputable medical centre represents a secure, long-term investment for the astute investor. Surrounded by elite homes renowned for high-income households, ‘Smile Designs Dentistry’ has established itself as a premium dental service over the past 20 years in this highly sought-after location. Currently returning $78,300 per annum, with fixed 3% increases each year until 1 March 2028 and all outgoings paid by the tenant, this 10-year lease is offered with two further terms of five years until 2038.

Bolstered by myriad successful businesses in the area, including Tooronga Village shopping centre, and with a high traffic flow from nearby Toorak Road and the Monash freeway, this charming Californian Bungalow has proven to be the perfect setting for a prosperous medical centre.

Offering on-site customer parking, and single garage parking for staff, the centre welcomes clients with a spacious reception and waiting room, embellished with the charming decorative ceilings, sash windows, and French doors of its era. A dental surgery and optometry examination room are complemented by two administration offices, as well as a communal staff kitchen, restrooms, and storage rooms, spanning approximately 130m2 of internal space.

• Zoning – Neighbourhood Residential Zone 3
• Prominent position on 520m2 (approx.) in a blue-chip locale
• Income of $78,300 pa + 3% annual increases
• 10-year lease until 2028 + 2x 5-year options
• Market Review 2028 and 2033
• All outgoings paid by tenant