OzProp MM Class of Units
- Property type: Medical/Office
- Offer type: Fully subscribed , Medical
- City: Margate
- Street: 279/289 Oxley Road
- Property size: 1,147 m²
- Year: 2014
- Lot size: 3,240 m²
- Investment Status: Fully subscribed
- Acquistion Date: August 2014
- Initial Investment: $6.5m
- IRR: 11.0%
- Invesment Horizon: 5-7 years
- Current Valuation: $9.0m
Details
The asset is on a 3,240 square metre corner allotment with great street exposure, situated on the western side of Oxley Avenue in Margate, with two additional side street access points. Improvements comprise two detached single level buildings which were completed in late 2010 and are known as Margate Medical Centre.
Margate Medical Centre is fully leased to 4 tenants; Lime Radiology, At Work Australia, Smile Dental and Services Australia.
The asset is 100% owned by the OzProp MM Trust issued by OzProp Invesment Trust.
*Target Investment returns based on the terms and conditions stated in the relevant IM. Investment returns are not guaranteed and are subject to investment risk.