PROPERTY PORTFOLIO

Harvester Centre

Cnr Devonshire and Harvester Roads, Sunshine, VIC

The Harvester Centre is a high quality, part new and part fully refurbished, two storey medical office building with a three level car park. It is located in the west Melbourne suburb of Sunshine and is part heritage listed with a section of the building dating back to 1909. The building accommodates a significant area for Melbourne Health to provide outpatient psychiatric health services to Melbourne’s western suburbs. The facility also houses other public or government-funded tenants providing health and community based services to the region. The site is prominently positioned within Sunshine and has attracted an excellent mix of complementary tenants. The Sunshine suburb is approximately 13km from Melbourne’s CBD and is located in close proximity to the Western Ring Road and railway services.

Key facts
Description Medical office building
Ownership 100%
Ownership type Freehold
Built Complete building refurbishment and extension 2007
Book value $19.0 million
Capitalisation rate 7.00%
Major tenant(s) Melbourne Health (State Government)
Number of tenants 10
WALE 5.5 years
Site area 5,021 sqm
NLA 4,413 sqm
Occupancy 100%
Car parks 112
Rental reviews Combination of CPI, fixed and market reviews
Proposed development stages

Contact details

Asset Manager
Jonathan Greenwood
T +61 3 8656 1054
M +61 422 815 683
Email Jonathan Greenwood
Property Manager
Ann Magee - Mulcahy & Co
T +61 3 9670 4888
Email Ann Magee