Premium NSW South Coast Freehold Medical Investment

20 Underwood Street , Corrimal NSW

Property Highlights

Diverse medical tenancy profile
1,981sqm* freehold site
6km* to Wollongong CBD

Description

Burgess Rawson is pleased to offer to the market 20 Underwood Street, Corrimal NSW for sale via Expressions of Interest.

The property has the following investment highlights:

+ Diverse essential service tenancy profile with three leading national & established medical tenants – Ekera Dental, Marsden Psychology and Southern Respiratory & Sleep Specialists
+ Favourable rental growth with a mixture of CPI & fixed 3% annual rent reviews providing guaranteed rental growth
+ Modern 981sqm* double-level centre with state-of-the-art facilities and ample on-site carparking
+ Significant 1,820sqm* corner landholding centrally located in the Corrimal Business District
+ Tenants pay outgoings as per the lease
+ Surrounded by essential social infrastructure including 10+ schools servicing 10,500+ full time students within a 3km radius*
+ Located 150 metres from the Coles anchored Corrimal Park Mall and 450 metres from Corrimal Village anchored by Woolworths & 35+ specialty retailers
+ Corrimal: sought after location in NSW’s South Coast, 6km* to Wollongong CBD, south of Sydney
+ Wollongong: thriving region south of Sydney set to grow to more than 270,500 people by 2041
+ Estimated Net Income: $375,118 pa* + GST

For sale via Expressions of Interest closing Wednesday 27 March 2024 at 4pm AEDT (if not sold prior).

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
1,821 SQM
Building Area
981 SQM

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