120 Thames Street

120 Thames Street

120 Thames Street, Box Hill North

120 Thames Street is a modern 3-level medical facility plus two basement car parking levels. The building is generally used for consulting suites. The property at the date of inspection was predominantly occupied as temporary accommodation for the medical practitioners from the Epworth Hospital. As per the current tenancy schedule, there are only three suites occupied by Sonic Healthcare Limited and The Epworth Foundation. The basement comprises a total of 52 car parking spaces (26 spaces per level). Basement level 1 is accessible via the rear laneway, whilst basement level 2 is accessible via the basement level from 116-118 Thames Street (the Ekera building) via a right-of-carriageway easement.

Property Summary

As at 31 December 2021 120 Thames Street
120 Thames Street, Box Hill North
  • $12.3m Market Value
  • 2.8yrs WALE
Asset class Ambulatory Care
Occupancy 89.7%
Major tenant Epworth Foundation
Market capitalisation rate 5.5%