Dental surgery investment at Surrey Hills

Dental surgery investment at Surrey Hills
Dental surgery investment at Surrey Hills

Teska Carson is marketing a securely leased dental surgery investment at Surrey Hills in Melbourne’s eastern suburbs.

The property will be auctioned on March 29 with expectations it will fetch more than $1.2 million.

The suite 2, 109 Union Road (corner of Windsor Crescent) property comprises a 187 square metre premises.

Zoned Commercial 2, it comes with six car spaces including three underground.

The property is located directly opposite Surrey Hills Railway Station in a modern commercial complex, within the sought after and well-established Surrey Hills shopping village.

Teska Carson’s Tom Maule and Mathew Feld have the listing.

The surgery consists of a spacious reception/waiting room, two surgeries, a sterilisation area.

Two offices, a large storage area, lab area and kitchen/staffroom breakout area are also featured in the property.

The property is currently leased to a longstanding tenant on a five year term with a five year option at $76,784 per annum.

Mr Maule said the property represented an outstanding medical investment in a tightly held location which would continue to see strong capital growth.

"This exceptional investment is positioned in the heart of this inner-eastern, blue chip, location just metres from public transport and within the popular Surrey Hills retail precinct.

It will attract quite a deal of interest based on the location, the secure lease to a well-established, long standing tenant, and the strong potential for capital growth in a much sought after and highly regarded suburb,’’ Mr Maule said.

Mr Feld said the property was an ideal investment for the passive investor looking for an opportunity to add a retail asset to their portfolio.

"Surrey Hills lies within Melbourne’s demographic centre, an area which continues to attract strong residential growth which in turn drives retail and commercial returns.

"The precinct has an excellent tenancy history with little to no vacancy and that is a reflection of the strong demand from the surrounding residential catchment,’’ Mr Feld said.

Commercial Property Surrey Hills

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