Outstanding Long-Term Medical Investment Opportunity

Details

National Day Hospital Group.
Long Term Lease.
Large Tenant Investment on Fitout.
Multiple Strata Title Commercial / Medical suites currently configured as a single premises Leased by Cura Day Hospitals. Significant investment by the tenant in this quality medical fit out including state of the art operating theatres, recovery, consulting rooms, administration and reception.

Summary
For Sale $4.5M
Net Return 5.25%
10+10+10 year Lease commenced 8/6/2016
Total Tenancy area approx. 552 m2 made up as Strat area of 517m2 and exclusive use common area 35 m2.
Net Rental of $236,094 per annum plus GST
Tenant pays all outgoings. Total $61,699 plus GST
16 car spaces
Zoning B4
IM available upon request

Long Established Medical Business in Dee Why, recently relocated into this fantastic new premises within a predominantly medical building. Other occupiers in the building include IPN Medical centre, including sub lease for pathology and pharmacy, IVF, Maxillofacial Surgery, Dentist, Orthodontist, plastic surgeon, Physiotherapist, Eye Surgeon, ENT specialist, Podiatrist, Neurologist, Obstetrician, Explore and Develop Childcare centre. There are also 170 residential units a hotel and bottle shop, Coles and Aldi Supermarkets, and several food and specialty outlets.

Dee Why is situated on Sydneys Northern Beaches just 15 KM from the CBD of Sydney the suburb is undergoing a major refurbishment of the town centre and upgrade of transport infrastructure with the B-Line bus service, population growth of 8.5% over the past 5 years has helped create a strong local economy and vibrant community.

Just into the 3rd year of the initial 10-year lease with options through to 2046.

Inspection schedule will be provided with IM.