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2. Property Highlights

High Performing Freestanding Medical Investment | Longstanding Tenant of 40+ Years
  • Strategic CBD location
  • ASX listed Sonic Healthcare
  • Desirable 'Mixed-Use' zoning

Burgess Rawson is pleased to offer to the market 14 King Street, Murwillumbah (Northern Rivers) NSW for sale via Expressions of Interest.

This opportunity has the following investment highlights:

+ Anchored by a 5 year lease to King Street Medical Centre & a 3 year lease to ASX-listed Sonic Healthcare

+ Supported by landlord favourable leases to Mapp & Hession Pharmacy, Club Active Gym & Rightfoot Podiatry

+ King Street Medical Centre: multidisciplinary medical experts servicing the Murwillumbah and Northern NSW region for 40+ years^

+ Sonic Healthcare (ASX: SHL): internationally renowned healthcare provider with specialist operations in laboratory medicine/pathology, radiology, general practice medicine and corporate medical services, with a market cap of $12.72 billion^^

+ Mapp & Hession Pharmacy: established pharmacy with an impressive 40+ year occupancy & awards for best small business in the Tweed Shire and the prestigious Australian Pharmacy of the year

+ Landlord favourable annual CPI reviews with ratchet provisions

+ Long established 716sqm* two-storey medical facility with a valuable 11 designated on-site car spaces

+ Expansive 1,051sqm* freehold site with desirable 'Mixed Use' (MU1) zoning, allowing for a multitude of future re-development opportunities (STCA)

+ Strategic CBD landholding located directly opposite the Coles & Harvey Norman anchored Sunnyside Mall, and only 1.5km* from Murwillumbah District Hospital

+ Tweed Shire Council: rapidly growing region, with a population forecast to grow 31.6% to 131,489 by 2041 & an economy dominated by healthcare & social assistance, accounting for approximately 20% of total employment##

+ Estimated Net Income: $282,381 pa* + GST

For Sale via Expressions of Interest

Closing 3pm AEST Wednesday 22 May 2024

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

^ksmc.com.au

^^sonichealthcare.com

#profile.id

##economy.id

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3. Property Location

14 King Street, Murwillumbah, NSW, 2484

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14 King Street, Murwillumbah, NSW, 2484 Murwillumbah
Burgess Rawson - Sydney
Burgess Rawson - Sydney
Level 11, 9 Castlereagh Street, Sydney NSW 2000, Australia
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