4/396 Raymond Street, Sale, Vic 3850

Secure an esteemed commercial asset with this exceptional opportunity to purchase a prime freehold property, boasting a long-term and reliable tenant.

The property is leased to Central Gippsland Health since 2010 and operates its medical imaging department on-site. As the primary provider of health and aged care services in Wellington Shire, Central Gippsland Health's Medical Imaging Department offers a range of diagnostic and therapeutic services. These services cater to the local population of Central Gippsland and extend to the broader community in East Gippsland.

Central Gippsland Health is currently part way through a 2-year lease, with two further 1-year options, potentially extending the lease until 2028. The lease includes an annual rent increase linked to CPI, with a market review at each lease term. The current net rent is $31,000 per annum, with the tenant responsible for all usual outgoings, excluding land tax.
This property presents a secure and attractive investment opportunity, boasting a long-standing tenant. To arrange an inspection and capitalise on this exceptional investment opportunity, contact us today.