A local investor has snapped up a $12.5 million medical centre investment in Caroline Springs in Victoria at a yield of 4.88 per cent, reflecting its redevelopment upside. The premium medical centre with five tenants including a radiologist, dentist and general practitioners at 224-226 & 228-232 Caroline Springs Boulevard is 119sq m size on a 3135sq m site. It is opposite Lendlease’s CS Square Shopping and has 42 car spaces. The property has “Comprehensive Development Zoning”. CBRE’s Sandro Peluso, Josh Twelftree and Jimmy Tat brokered the deal for a private owner.
