FOR SALE
PREMIUM MEDICAL INVESTMENT

32 Stirling Avenue
Cranbourne North VIC 3977

Bedrooms: 5
Bathrooms: 1
Car spaces: 21
Land area: 1555m2
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Auction Time
Sat 18 Jan 12:30 pm
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PREMIUM MEDICAL INVESTMENT

Strategically situated in a booming growth corridor with excellent exposure onto South Gippsland Hwy, this purpose designed medical centre sits on 1,555sqm approx. and provides a heathy return making it the ideal investment to add to your portfolio with an established medical practice in operation and excellent rental returns with annual CPI increases.
• Modern purpose designed, single level medical practice with a thoughtful RACGP compliant configuration that draws in natural light for a pleasant working environment and was planned in consultation with a doctor to ensure functionality and excellent disability access
• Street exposure to South Gippsland Hwy, the main arterial route between Cranbourne and Melbourne with over 70,000 passing vehicles and convenient clinic access from Stirling Ave
• Established medical/dental practice with excellent client base
• Secure 5-year rental agreement from 2023
• 2 x 5year term options
• Annually increased rental return commencing at $123,071.52 per annum plus GST being $10,255.96 per month
• Fixed annual rental increases of 4% to ensure continued rental growth
• High quality fit-out
• 1,555sqm approx. total site area
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Property Details for 32 Stirling Ave, Cranbourne North

32 Stirling Ave, Cranbourne North is a 5 bedroom, 1 bathroom House with 21 parking spaces. The property has a land size of 1555m2. The place is currently for sale with Professionals First & Co.

Building Type
House
Land Size
1555m2

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About Cranbourne North 3977

The size of Cranbourne North is approximately 10.3 square kilometres. It has 35 parks covering nearly 12.5% of total area. The population of Cranbourne North in 2011 was 14,571 people. By 2016 the population was 20,116 showing a population growth of 38.1% in the area during that time. The predominant age group in Cranbourne North is 0-9 years. Households in Cranbourne North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne North work in a trades occupation. In 2011, 76.9% of the homes in Cranbourne North were owner-occupied compared with 74.6% in 2016.

Cranbourne North has 8,659 properties. Over the last 5 years, Houses in Cranbourne North have seen a 31.09% increase in median value, while Units have seen a 18.66% increase. As at 30 November 2024:

  • The median value for Houses in Cranbourne North is $749,046 while the median value for Units is $508,897.
  • Houses have a median rent of $575 while Units have a median rent of $475.
There are currently 46 properties listed for sale, and 16 properties listed for rent in Cranbourne north on OnTheHouse. According to CoreLogic's data, 380 properties were sold in the past 12 months in Cranbourne north.

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Sunny Song
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Professionals First & Co
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