Hawthorn East dental clinic set for auction
The home of an established dental clinic with a 20 year history has been listed for sale in Melbourne’s inner-east.
CBRE’s Specialist Healthcare team of Sandro Peluso, Josh Twelftree, Jimmy Tat and Marcello Caspani-Muto, in conjunction with Transaction Manager Appel Property, have been appointed to negotiate the sale of the medical facility at 368 Tooronga Road, Hawthorn East.
The property is currently leased to Smile Designs Dentistry on a ten-year term with further options and returns $78,300 p.a. All outgoings are paid by the tenant and there are dual layers of security in the form of monetary deposit and a Director’s Guarantee.
The clinic’s owner has an operational history spanning four decades and has successfully operated multiple clinics around Melbourne.
The 520 sqm blue-chip landholding is zoned Neighborhood Residential Zone.
It features two road frontages and the property is also close to the Coles-anchored Tooronga Village shopping centre and within proximity of transport, educational and parkland amenities.
Mr Peluso said the property would continue to benefit from its proximity to some of Melbourne’s most elite suburbs, including Malvern, Toorak, Kew, Glen Iris and Camberwell.
The Hawthorn East property is being offered for sale via public on-site Auction on August 29.
