2-4 Surrey Street, Mornington

TWO–FOUR ST SURREY MORNINGTON FOR SALE BY PUBLIC AUCTION ON THURSDAY 11TH NOVEMBER AT 12PM

MORNINGTON PENINSULA MEDICAL INVESTMENT

TWO –FOUR ST SURREY MORNINGTON CONTENTS 04

Introduction

06

Executive Summary

08

Tenancy Details

10

Property Particulars

12

Location

16

Suburb Profile

18

Sale Method

3

INTRODUCTION

Aston Commercial are pleased to offer 2-4 Surrey Street Mornington For Sale by Public Auction on Thursday 11th November at 12pm.

This secure investment comprises a premium purpose-built Medical Centre designed to meet the exacting standards of a modern and efficient GP clinic. This is clearly endorsed by the current tenant recently renewing their option and committing to a future term.

Medical assets have proven themselves to be secure and long term investment plays. Recent events have only reinforced this view. Healthcare provides secure yields, driving long term growth even during times of economic downturn.

2-4 Surrey Street is superbly located within the coveted City of Mornington, one of Melbourne’s most affluent and sought-after bayside locations that is experiencing rapid growth.

Aston Commercial strongly recommend this quality long term investment for your serious consideration.

4

EXECUTIVE SUMMARY

TWO –FOUR ST SURREY MORNINGTON Secure long ter m freestanding medical investment.

LOCATION

TENANCY DETAILS

Prime bayside location of Mornington

Securely leased for $185,000 pa on a new five year lease plus options

LAND & BUILDING AREA

ZONING

Land Area: 1,680 square metres* Building Area: 362 square metres*

GRZ1 – General Residential Zone Schedule 1

METHOD OF SALE

TERMS OF SALE

For Sale by Public Auction on Thursday 11th November at 12pm

10% Deposit with balance in 60-90 days

*approx.

EXCLUSIVE SELLING AGENTS

6

Jeremy Gruzewski

Rodney King

Director of Agency 0422 211 021 jeremy@astoncommercial.com.au

Director of Agency 0422 839 870 rodney@astoncommercial.com.au

TENANCY DETAILS

OVERVIEW OF TENANT Surrey Street Family Clinic is a new, purpose built medical practice which aims to provide exceptional standards of healthcare services to our community. Our doctors and allied healthcare practitioners are committed to delivering outstanding medical support to patients of all ages and their families.

Surrey Street Family Clinic has been established by experienced and reputable practitioners who have worked and lived on the Mornington Peninsula for many years. We understand our community and their needs and strive to deliver the highest standard of health care.

Our brand new surgery offers comprehensive general medical practice and the convenience of onsite physiotherapy and allied health support. Our clinic also boasts fully equipped treatment rooms, onsite pathology, nursing services, ample car parking, comfortable family-friendly waiting areas and wheelchair accessible facilities.

Find out more at: surreystreetclinic.com.au

8

TENANCY DETAILS Medical premises have proven to be sought after investments proving time and time again their ability to deliver reliability and security no matter what the circumstances. The property is being sold subject to a lease summarised as follows:

Tenant

FD Asunction Pty Ltd trading as Surrey Street Family Clinic

Current Rent

$185,000 NET pa

Lease Term

Five (5) Years

Commencement Date

1st September 2021

Options

Two further terms of five (5) years

Rent Reviews

Fixed 3% annual increases and market review at option

Outgoings

All statutory outgoings paid by tenant

Guarantee

Amount equivalent to 3 months rent plus GST = $50,875

9

PROPERTY PARTICULARS BUILDING DETAILS

PLANNING PERMIT

Known as the Surrey Street Family Clinic, the subject property comprises a circa 2015 constructed single storey purpose built medical centre. The modern structure incorporates a reception/waiting room, six consulting rooms, procedure room, pathology collection room, administration area, staff tearoom (includes change room, staff toilet and cleaners closet) and a patient toilet. Other features include ducted air conditioning, alarm system and automatic sliding windbreak pedestrian entrance doors.

Permit No. P14/-268.01 was approved on 17th March 2015, which allowed for the use and development of the land as a Medical Centre, erection and display of business signage and works in accordance with the plans.

The property is licensed for 6 practitioners.

The improvements have been constructed to an above average standard and quality, which improves the asset’s overall appeal.

Externally, the property also benefits from landscaped gardens throughout, 19 off street car spaces and an electronic sliding security gate.

TITLE PARTICULARS

LAND DIMENSIONS AND AREA

The property is over two Certificates of Title.

Frontage:

34.14m*

Volume 10566 and Folio 354 being the Land in Plan of Consolidation 364320N

Western boundary:

49.38m*

Eastern Boundary:

47.53m*

Rear Boundary:

34.14m*

Total Land Area:

1,680 square metres*

Volume 10566 and Folio 355 being the Land in Plan of Consolidation 364321L

ZONING General Residential Zone Schedule 1 (GRZ-1)

10

*approx.

FLOOR PLAN

11

LOCATION

RETAIL Woolworths Aldi Target Coles McDonalds KFC

EDUCATION Mornington Primary School Mornington Secondary College Toorak College Padua College

TRANSPORT Buses running along Main Street and Nepean Highway linking to Frankston Train Station Nepean Highway Peninsula Link Mornington Peninsula Freeway

RECREATION Alexandra Park CB Wilson Reserve Civic Reserve Recreation Centre Short walk to beautiful beaches

12

SUBURB PROFILE

MORNINGTON 3931 Just an hour from the city, Mornington is a large, effervescent seaside village, brimming with that feel-good vibe that comes from amazing sea views, award-winning restaurants and a gentle, family-friendly way of life. Mornington’s got all the amenities you need without having to go shoulder-to-shoulder with the peak hour crowds. With its gentle pace and room to move, Mornington is perfect for families with kids edging towards independence.

The leisurely lifestyle also makes it an attractive place for older people who don’t need to race off to work anymore.

Median House Price: $1,020,000

Current Population: 23,993

Average Age: 60+

16

SALE METHOD

TWO –FOUR ST SURREY MORNINGTON Secure long ter m freestanding medical investment.

METHOD OF SALE

TERMS OF SALE

For Sale by Public Auction on Thursday 11th November at 12pm

10% Deposit with balance in 60-90 days

INSPECTIONS

CONTRACT OF SALE & VENDORS STATEMENT

Strictly by appointment with the exclusive agents

Available on request

EXCLUSIVE SELLING AGENTS

18

Jeremy Gruzewski

Rodney King

Director of Agency 0422 211 021 jeremy@astoncommercial.com.au

Director of Agency 0422 839 870 rodney@astoncommercial.com.au

DISCLAIMER “Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom. *Approximate