SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

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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Description

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.

*Approx
**https://forecast.id.com.au/central-coast-nsw

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
1,265 SQM
Building Area
1 SQM

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