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40-42 President Avenue
Caringbah NSW 2229
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Sold on 14 Jun 2024

40-42 President Avenue Caringbah NSW 2229

  • Medical / Consulting
  • 1,434 m²
  • Sold

Longstanding Sydney Freestanding Healthcare Investment

    Burgess Rawson is pleased to offer to the market 40-42 President Avenue, Caringbah NSW for sale by Private Treaty.

    The property has the following features:

    + Renewed 7 year lease to 2029 + options to 2044 (tenant in occupation for 21+ years)
    + ForHealth: one of Australia's largest medical and healthcare providers with 70+ medical centres nationally. Owned by Private Equity powerhouse, BGH Capital, largest PE fund focused on Australia and New Zealand
    + Multi-disciplinary medical centre offering General Practice, Specialist Treatment, Nursing, Dental, Pathology, Imaging, X-Ray and much more
    + Fixed 3% annual rent increases ensuring long term compounding rental growth
    + Strategic 1,144 sqm* freehold landholding improved by a 1,434 sqm* multi-level medical centre benefiting from over 33m* of frontage to President Avenue
    + Secure basement carparking for 43 vehicles.
    + Proven healthcare position close to Sutherland Hospital, Kareena Private Hospital and Ramsay Surgical Centre Miranda
    + ForHealth Caringbah is ideally located near the corner of Kingsway and President Avenue across from Centrelink, Chemist Warehouse, McDonald's, Woolworths Caringbah and a brand new $80million, 122 residential apartment development incorporating a brand new Coles Supermarket and Liquorland
    + Landlord friendly net lease with tenant responsible for 100% of outgoings inc. Property Management, R&Ms & NSW multi-holding Land Tax
    + Caringbah: prized Sutherland Shire location 29 km to Sydney CBD and 5 km to Cronulla Beach
    + Net Income: $1,079,318 pa* + GST

    For sale by Private Treaty

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

    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold14 Jun 2024
    Floor Area1,434 m²
    Land Area1,144 m²
    EnergyAsk Agent
    ParkingAsk Agent
    Property ID2018877371
    Category
    Last updated  1 May 2024
    Map for 40-42 President Avenue Caringbah NSW 2229

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    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold14 Jun 2024
    Floor Area1,434 m²
    Land Area1,144 m²
    EnergyAsk Agent
    ParkingAsk Agent
    Property ID2018877371
    Category
    Last updated  1 May 2024

    Co-Agents

    Yosh Mendis
    Burgess Rawson Sydney
    Call
    0434 413 188
    Geoff Sinclair
    Burgess Rawson Sydney
    Call
    0451 462 759

    More about 40-42 President Avenue Caringbah NSW 2229

    40-42 President Avenue Caringbah NSW 2229 is categorized as Medical & Consulting Property. It has a floor area of 1,434 m² and a land area of 1,144 m². The listing ID for this property is 2018877371.

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