Longstanding Sydney Freestanding Healthcare Investment

40-42 President Avenue, Caringbah NSW

Property Highlights

Renewed 7 Year Lease to 2029 + opts
National Tenant with 70+ Centres
Tenant in Occupation 21+ Years


Burgess Rawson is pleased to offer to the market 40-42 President Avenue, Caringbah NSW for sale by Private Treaty.

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 by Private Treaty

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

Property Details

Current Tenant
Occupancy Type
Land Size
1,144 SQM
Building Area
1,434 SQM


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