Longstanding Medical Centre in Strategic Central Coast Location

599-601 The Entrance Road , Bateau Bay NSW

Property Highlights

New 10 Year Net Lease + Options to 2042
National Medical Group: 13 Locations
Greater of CPI or 2.5% rent increases
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Burgess Rawson is pleased to offer to the market 599-601 The Entrance Road, Bateau Bay NSW for sale via our Investment Portfolio Auction 164.

The property has the following investment highlights:

+ Highly sought-after medical leased asset class
+ Bateau Bay Medical Centre: New 10 year lease plus options to 2042
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and single holding land tax
+ Attractive annual rent increases (greater of CPI or 2.5%) ensuring strong income growth
+ Substantial 1,265 sqm* corner landholding offering 16 valuable on site car spaces
+ High exposure dual street frontage of 65.69 metres to The Entrance Road and Mossman Avenue
+ Longstanding medical history: operating in Bateau Bay for 40+ years
+ The Entrance Road: the main thoroughfare in the region, with 15,000* vehicles travelling daily,
+ Close to Bateau Bay Square, comprising national retailers including Woolworths, Coles, K-Mart, Aldi and Dan Murphy’s, among others
+ Easily managed single tenant investment, allowing interstate or overseas ownership
+ Central Coast: thriving region supporting over 348,930 residents, forecast to grow to 415,355 people by 2036**
+ Net Income: $150,000 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 24 October 2023
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.


Property Details

Current Tenant
Occupancy Type
Land Size
1,265 SQM
Building Area

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