SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

State-of-the-Art Cancer Clinic Investment

Building 1/49 Frenchs Forest Road , Frenchs Forest NSW

Property Highlights

Longstanding Tenant
4% Annual Increases
Booming Location

Description

Trophy investment – Northern Cancer Institute – 400m from brand new $2 billion Northern Beaches hospital, New tunnel to Sydney CBD & airport

For Sale by Deadline Private Treaty closing 17 April 2019

Very rare class 9A Building allowing use as a day hospital
Stunning contemporary 575 sqm cancer care centre built 2009
Abundant 25 security basement car spaces
Valuable depreciation benefits still available

Renewed lease to 2023 + options to 2035
Net lease with tenant paying all outgoings, as per lease
Easily managed premium tenant investment
Generous 4% annual increases

Sydney’s newest & fastest growing medical location
At the entrance to a modern, prestigious business park just 400m from the brand new Northern Beaches Hospital which opened late 2018
Huge local transport infrastructure spending with Warringah Road widening, Wakehurst Parkway widening and proposed new Western Harbour Tunnel & Beaches link
Booming local economy underpinned by strong population growth

Net Income: $415,580 pa + GST

Property Details

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

Price

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