SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Prime Medical Investment in Strategic Central Coast Location

84 Avoca Drive , Kincumber NSW

Property Highlights

10 Year Net Lease Plus Options to 2043
Substantial 765 sqm Freehold
Central Medical Precinct
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Description

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
758 SQM
Building Area
200 SQM

Price

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