Address: 1-5 Station Place, Werribee VIC 3030

Completion Date: 2015

Type: Medical Centre

Services: Acquisition, Investment, Development Management

Description: Bramford Property was given a mandate by Primary Healthcare Ltd to relocate their Werribee Medical & Dental Centre from its’ regional shopping centre tenancy into a stand alone site in Werribee town centre. Following a 12 month thorough search, we identified and acquired the subject site, raising the required investment capital with the pre-lease to Primary in place. Bramford acted as principal development manager, converting the former Safeway Supermarket box into a purpose-built medical and dental centre. The property was on sold to a private investor on completion.

Purchase Price: $3,125,000

Development Costs: $500,000

End Sale Price: $6,000,000

Return on Total Costs: 66%