2/999 Nepean HighwayMoorabbin VIC 3189
Property Details for 2/999 Nepean Hwy, Moorabbin
Last Listing description (November 2022)
Nichols Crowder is pleased to present a unique opportunity to acquire a highly secure medical investment, located within a landmark office building in the heart of Moorabbin and adjoining the Moorabbin train station.
Investment attributes include:
* Head tenant: Alfred Health
* Lease renewed with options through to 2031
* Total net income of $437,453 p.a.
* Fixed rental increases
* High yielding investment opportunity
Key features include:
* Whole top floor: 1,359sqm*
* 36 secure car spaces (17 occupied by Alfred Health)
* Adjacent to Moorabbin train station and bus services
* Excellent retail amenities, popular cafes & eateries, all within walking distance
* Popular medical destination coupled with the recent opening of Holmesglen Private Hospital on South Road
For further details or to arrange an inspection please contact:
Matt Nichols 0418 186 488
Julian Vautin 0420 406 660
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
*All enquirers must provide a contact number if they wish to be contacted.
Property History for 2/999 Nepean Hwy, Moorabbin, VIC 3189
- 12 Oct 2022Listed for Sale Contact Agent
- 31 May 2017Listed for Sale Contact Agent
- 02 Dec 2011Sold for $625,000
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0About Moorabbin 3189
The size of Moorabbin is approximately 4.6 square kilometres. It has 5 parks covering nearly 4.2% of total area. The population of Moorabbin in 2011 was 5,282 people. By 2016 the population was 5,897 showing a population growth of 11.6% in the area during that time. The predominant age group in Moorabbin is 30-39 years. Households in Moorabbin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Moorabbin work in a professional occupation. In 2011, 74.3% of the homes in Moorabbin were owner-occupied compared with 68.8% in 2016.
Moorabbin has 5,556 properties. Over the last 5 years, Houses in Moorabbin have seen a 9.32% increase in median value, while Units have seen a 7.90% increase. As at 30 November 2024:
- The median value for Houses in Moorabbin is $1,194,946 while the median value for Units is $729,090.
- Houses have a median rent of $655 while Units have a median rent of $580.
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