8 Pratt Street
Moonee Ponds, VIC 3039

This property represents a prime investment opportunity in the Moonee Ponds area, featuring a secure pharmacy tenancy leased to the nationally recognized Chemist Warehouse Group, trading as Amcal Pharmacy. The investment is underpinned by Sigma Healthcare, an ASX-listed company and one of Australia's largest healthcare providers, ensuring institutional-grade covenant strength.

The property occupies a prominent corner tenancy of approximately 66 square meters, boasting a combined frontage of 18.5 meters to both Pratt Street and Young Street. This location benefits from high visibility and accessibility, situated just moments from the vibrant Puckle Street retail precinct and Moonee Ponds Central shopping center.

Included with the property is one on-title car parking space, enhancing convenience for both tenants and customers. The lease commenced on 15 December 2023, with a six-year term and an additional five-year option, providing long-term income security through to 2034.

The current passing rental income is $59,488 per annum plus GST and outgoings, with fixed annual rental increases of 4%, offering predictable and growing returns. The tenant is responsible for all usual outgoings, supported by a substantial bank guarantee, which further secures the lease obligations.

Strategically located within the Moonee Ponds Activity Centre, the property is surrounded by a cluster of medical, allied health, and specialist services, creating a self-reinforcing healthcare precinct that supports consistent demand for pharmacy services.

Positioned approximately 7 kilometers northwest of Melbourne's Central Business District, the site enjoys excellent connectivity via major roadways including Mount Alexander Road, CityLink, and the Tullamarine Freeway. Public transport options are abundant, with Moonee Ponds Train Station, multiple tram routes, and an extensive bus network nearby, facilitating easy access for customers and staff.

The property is zoned ACZ1 – Activity Centre Zone – Schedule 1, aligning with local planning provisions that support commercial and retail uses within the activity center.

Overall, this investment offers a secure, income-producing asset with strong covenant backing in a tightly held suburban location, making it an attractive proposition for investors seeking exposure to the healthcare retail sector in Melbourne.

Sizes and dimensions are approximate and prospective purchasers are advised to seek professional advice to verify all details before proceeding.