Longstanding Sydney Freestanding Healthcare Investment
40-42 President Avenue , Caringbah NSW
Burgess Rawson is pleased to offer to the market 40-42 President Avenue, Caringbah NSW for sale via Expressions of Interest.
The property has the following features:
+ Renewed 7 year lease to 2029 + options to 2044 (tenant in occupation for 21+ years)
+ ForHealth: one of Australia’s largest medical and healthcare providers with 70+ medical centres nationally. Owned by Private Equity powerhouse, BGH Capital, largest PE fund focused on Australia and New Zealand
+ Multi-disciplinary medical centre offering General Practice, Specialist Treatment, Nursing, Dental, Pathology, Imaging, X-Ray and much more
+ Fixed 3% annual rent increases ensuring long term compounding rental growth
+ Strategic 1,144 sqm* freehold landholding improved by a 1,434 sqm* multi-level medical centre benefiting from over 33m* of frontage to President Avenue
+ Secure basement carparking for 43 vehicles.
+ Proven healthcare position close to Sutherland Hospital, Kareena Private Hospital and Ramsay Surgical Centre Miranda
+ ForHealth Caringbah is ideally located near the corner of Kingsway and President Avenue across from Centrelink, Chemist Warehouse, McDonald’s, Woolworths Caringbah and a brand new $80million, 122 residential apartment development incorporating a brand new Coles Supermarket and Liquorland
+ Landlord friendly net lease with tenant responsible for 100% of outgoings inc. Property Management, R&Ms & NSW multi-holding Land Tax
+ Caringbah: prized Sutherland Shire location 29 km to Sydney CBD and 5 km to Cronulla Beach
+ Net Income: $1,079,318 pa* + GST
For sale via Expressions of Interest
Closing 3:00pm AEDT Friday 1st December 2023.
Please contact the exclusively appointed Burgess Rawson team for more information.