Burgess Rawson from CBRE is pleased to offer to the market 56 Wattle Road, Shellharbour (South Coast) NSW, a premium freehold medical investment anchored by PRP Diagnostic Imaging, for sale via Investment Portfolio Auction 181.

The property has the following key investment highlights:

+ Anchored by a brand new 10 year net lease to 2035 with two (2) further five (5) year option to 2045
+ Leased to PRP Diagnostic Imaging: leading diagnostic imaging provider with 32 locations and growing, servicing 1 million+ patients annually, owned by IFM Investors & UniSuper with a combined $381 billion¹ Assets Under Management
+ Longstanding occupancy to PRP with 15+ years in the same location
+ Significant 7,389sqm* NSW south coast freehold benefiting from over 142m* combined frontage in a rapidly evolving Shellharbour precinct
+ Exceptional 1,197sqm* imaging facility in established medical precinct, adjacent aged care facility & less than 20 min* to Wollongong CBD
+ Premium tenant funded PET scan, MRI, CT, X-ray, Bone Density and radiology fit-out, reflecting substantial recent tenant capital investment
+ Recent building upgrades and expansion, incorporating valuable PET scan capabilities
+ Valuable low site coverage offering long term development upside (STCA)
+ Landlord friendly net lease structure with tenants paying all outgoings as per lease, including council rates, insurance, repairs & maintenance, management fees, and land tax
+ Secure income growth with annual reviews to the greater of CPI or 4% and CPI
+ Shellharbour: less than 20km* from Wollongong CBD and population forecast to soar 20% by 2046 to 100,000 people²
+ Net Income: $380,480 pa* + GST

To be sold via Investment Portfolio Auction 10:30am (AEDT) Tuesday 9 December 2025, Yallamundi Rooms, Sydney Opera House

Also available as part of the ‘PRP Medical Imaging Portfolio’

+ PRP Bathurst (Central West) NSW
+ PRP Westmead (Western Sydney) NSW
+ PRP Gosford (Central Coast) NSW

Please contact the exclusively appointed sales team for more information.

*Approximate
1 IFM & Unisuper
2 profile.id