402 South RoadMoorabbin VIC 3189
Property Details for 402 South Rd, Moorabbin
Last Listing description (October 2021)
The Savills CBD & Metropolitan Sales Team is delighted to offer for sale by Expressions of Interest this incredible medical investment opportunity at 402 South Road, Moorabbin.
This property provides an exceptional opportunity for an investor to take advantage of a secure long-term lease to one of the world's largest healthcare providers Bupa, while being located within Moorabbin's major activity centre.
The key attributes of the property include:
- Longstanding dental clinic in operation for nearly 70 years
- Brand new state-of-the-art dental fitout
- 10+ year lease to 31 December 2026 plus options to 31 December 2041
- Net rental of $287,596 per annum* (paid yearly in advance)
- Tenant responsible for all outgoings
- Fully leased by Bupa - one of the world's largest healthcare groups (with revenue exceeding $15 billion per annum)
- Ideally located within Moorabbin's Major Activity Centre, surrounded by extensive retail amenity and public transport options
This is a rare opportunity to secure a high quality medical investment, securely leased and located within an established suburban location. Accordingly, we encourage prospective purchasers to actively consider this incredible investment opportunity.
402 South Road, Moorabbin is for Immediate Private Sale.
Benson Zhou 0458 488 888
Julian Heatherich 0412 995 655
Property History for 402 South Rd, Moorabbin, VIC 3189
- 28 Mar 2024Sold for $3,200,000
- 11 Feb 2017Sold for $4,800,000
- 31 Oct 2016Listed for Sale For Immediate Private Sale
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About 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 5,527 properties. Over the last 5 years, Houses in Moorabbin have seen a 16.42% increase in median value, while Units have seen a 13.57% increase. As at 31 October 2024:
- The median value for Houses in Moorabbin is $1,232,499 while the median value for Units is $751,861.
- Houses have a median rent of $650 while Units have a median rent of $590.
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