Prime Medical Investment in Strategic Central Coast Location

Burgess Rawson is pleased to offer to the market 84 Avoca Drive, Kincumber NSW for sale via our Investment Portfolio Auction 162.

The property has the following investment highlights:

+ Highly sought-after medical leased asset class
+ The Ortho Practice: New 10 year lease plus options to 2043
+ Attractive net lease, tenant responsible for all usual outgoings including Council Rates, Water Rates, Insurances, Property Management (cap 6%) and Single Holding Land Tax
+ Fixed 3% annual rental increases, ensuring income growth
+ Substantial 765 sqm landholding offering valuable onsite parking
+ Strategic position in Kincumber surrounded by supporting occupants including a medical centre, dentist, pathology & specialist clinic
+ Avoca Drive: main thoroughfare in Kincumber with supporting nationally branded and local commercial uses
+ Close proximity to Coles Shopping Centre and other specialty retailers including McDonald's, KFC and 7 Eleven + Easily managed single tenant investment
+ Central Coast: thriving region supporting over 348,930 residents, forecast to grow to 415,355 people by 2036
+ Net Income: $60,000 pa + GST

To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 1 August 2023
Yallamundi Rooms, Sydney Opera House

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

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