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Dental surgery investment at Surrey Hills

People & Companies / Latest News


Mar 12 2017

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March 13, Melbourne – Teska Carson (9421 7000) is marketing a securely leased dental surgery investment at Surrey Hills in Melbourne’s eastern suburbs. The property will be auctioned on Wednesday, March 29, at 1pm on site and is expected to fetch more than $1.2 million. 

The suite 2, 109 Union Road (corner of Windsor Crescent) property comprises a 187 square metre premises, zoned Commercial 2, with six car spaces including three underground.

The property is located directly opposite Surrey Hills Railway Station in a modern commercial complex, within the sought after and well-established Surrey Hills shopping village.

According to marketing agents, Teska Carson’s Tom Maule and Mathew Feld, the surgery is in excellent condition throughout and consists of a spacious reception/waiting room, two surgeries, a sterilisation area, two offices, a large storage area, lab area and kitchen/staffroom breakout area.

The property is currently leased to a longstanding tenant on a five year term with a five year option at $76,784 per annum. 

Mr Maule said the property represented an outstanding medical investment in a tightly held location which would continue to see strong capital growth.

"This exceptional investment is positioned in the heart of this inner-eastern, blue chip, location just metres from public transport and within the popular Surrey Hills retail precinct.

"It will attract quite a deal of interest based on the location, the secure lease to a well-established, long standing tenant, and the strong potential for capital growth in a much sought after and highly regarded suburb," Mr Maule said.

Mr Feld said the property was an ideal investment for the passive investor looking for an opportunity to add a retail asset to their portfolio.

"Surrey Hills lies within Melbourne’s demographic centre, an area which continues to attract strong residential growth which in turn drives retail and commercial returns.

"The precinct has an excellent tenancy history with little to no vacancy and that is a reflection of the strong demand from the surrounding residential catchment," Mr Feld said. 

He said the property’s key attributes included:

  • Secure lease profile with long-established tenant;
  • Location in a tightly held precinct;
  • Excellent growth potential;
  • Strong retail catchment; and,
  • Easy access to public transport.


About Teska Carson

Teska Carson, since its establishment in 1990, has consolidated itself as Melbourne’s most progressive and active estate agency, specialising in the field of prime commercial property. Teska Carson recently merged with Kliger Wood to form the largest privately owned commercial agency in Melbourne with a combined 100 years of service to the property industry. The acquisition has enabled Teska Carson to build on and enhance its reputation as a leader in its field offering the most comprehensive range of commercial property management and agency services with a database second to none. Teska Carson will continue its successful strategy of focusing on personal service and exceeding expectations in delivering outstanding results for its clients. 

SOURCE: Press Release


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