High Performing Freestanding Medical Investment | Longstanding Tenant of 40+ Years
Burgess Rawson is pleased to offer to the market 14 King Street, Murwillumbah (Northern Rivers) NSW for sale via our Investment Auction Portfolio 168.
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
To be sold by Investment Portfolio Auction
10:30am AEST Wednesday 15 May 2024
Yallamundi Rooms, Sydney Opera House
Bidder registration required, register at portfolioauctions.com.au
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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