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


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.


Property Details

Current Tenant
Occupancy Type
Land Size
1,821 SQM
Building Area
981 SQM

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