Affluent Sydney Mosman Medical Investment – Leased to National Medical Giant ForHealth Group

Description

Burgess Rawson is pleased to offer to the market the Balmoral Medical Practice (ForHealth Group) for sale via our Investment Auction Portfolio 170.

This investment has the following key investment highlights:

+ Renewed 5 year lease to December 2027 plus options to 2037 (longstanding medical centre)
+ Balmoral Medical Practice: part of Health & Co and the ForHealth Group, one of Australia’s largest medical and healthcare providers, owned by Private Equity powerhouse, BGH Capital, largest PE fund focused on Australia and New Zealand
+ Multi-disciplinary medical centre offering general practice, surgery, specialist treatment, pathology, on site pharmaceutical dispensary and much more
+ Highly desirable rent reviews to the greater of CPI or 4%, ensuring long term compounding income growth
+ Landlord friendly net lease with the tenant responsible for 100% of outgoings including property management and R&Ms
+ Sought after medical precinct surrounded by ancillary medical tenants, including Douglas Hanly Moir, Mosman Denture Clinic, Macono Orthodontics, After Hours Doctor Clinic and much more
+ Longstanding proven medical practice with circa 100+ patients daily, offering on-site pharmacy and pathology collection
+ Mosman: affluent Sydney Lower North Shore location where the median house price is $5.7m, 4.7 times the state average^
+ Net Income: $240,381 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information

*Approx.
^ realestate.com.au

Enquire

Contact agents
Geoff Sinclair Director
0451 462 759
Kieran Bourke Partner
0417 418 007
Luke Easton Cadet
0472 546 001
Enquiry Form

Mosman, NSW

8 & 9/ 148-152 Spit Road

For Sale by Portfolio Auction
Tuesday 6th August 10:30AM Yallamundi Rooms, Sydney Opera House

This property is part of Portfolio 170

Price: Contact Agent

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