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51 Mulgrave Road
Parramatta Park QLD 4870
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Sold on 26 Oct 2023

51 Mulgrave Road Parramatta Park QLD 4870

  • Medical / Consulting
  • 422 m²
  • Sold

High Profile Allied Health Medical Investment

    Burgess Rawson in conjunction with CBRE are pleased to offer to the market the Royal Rehab Centre located at 51 Mulgrave Road, Parramatta Park QLD for sale via our Investment Portfolio Auction 164.

    This opportunity has the following key investment highlights:

    + Brand new ten (10) year net lease to July 2033
    + Two (2) further five (5) year options to July 2043
    + Royal Rehab: Australia's leading provider of rehabilitation and disability services with 25 locations across Queensland, New South Wales & Victoria
    + Highly desirable 3.75% fixed annual rent increases, with ratchet provisions at market review ensuring the rent cannot decrease
    + Tenant pays all usual outgoings including land tax
    + Impressive 422sqm* commercial building with an extensive tenant subsidized fit out purposefully designed to cater to disability services and rehabilitation equipment
    + Substantial 1,159sqm* landholding located on Mulgrave Road, a major thoroughfare through the Cairns CBD that interconnects with the Bruce Highway, offering exposure to over 24,000 passing vehicles daily*
    + Strategically located within 1.5km* of Cairns City's major shopping centres including Cairns Central, Orchid Plaza, The Pier Shopping Centre, Palm Court Shopping Centre & DFO Cairns
    + Prime positioning within a major NDIS catchment, with Cairns having the highest average annualised plan budgets and payments across all NDIS participants
    + Cairns: gateway to Australia's Great Barrier Reef, economic output of $10.22 billion and Australia's 5th largest regional city with a rapidly growing population forecast to exceed 265,000 by 2050
    + Net Income: $210,000 pa* + GST

    For Sale by Investment Portfolio Auction
    10:30am AEST Thursday 26 October 2023
    The Hilton, Brisbane

    Please contact the exclusively appointed Burgess Rawson & CBRE team for more information

    *Approx.

    AUCTION

    Auction date and time26/10/2023 10:30
    Auction locationThe Hilton, Brisbane
    Burgess Rawson Townsville
    Burgess Rawson Townsville
    Ground Flr/61-73 Sturt St
    Townsville City, QLD 4810

    Property Highlights

    Date Sold26 Oct 2023
    Floor Area422 m²
    Land Area1,159 m²
    ParkingAsk Agent
    Property ID2018797293
    Category
    Last updated  27 Oct 2023
    Map for 51 Mulgrave Road Parramatta Park QLD 4870
    Burgess Rawson Townsville
    Burgess Rawson Townsville
    Ground Flr/61-73 Sturt St
    Townsville City, QLD 4810

    Property Highlights

    Date Sold26 Oct 2023
    Floor Area422 m²
    Land Area1,159 m²
    ParkingAsk Agent
    Property ID2018797293
    Category
    Last updated  27 Oct 2023

    Co-Agents

    Neville Smith
    Neville Smith
    Burgess Rawson Townsville
    Call
    0400 068 205
    Michael Hooper
    Michael Hooper
    Burgess Rawson Townsville
    Call
    0488 332 682
    Danny Betros
    Danny Betros
    CBRE Pty Ltd
    Call
    0418 772 049

    More about 51 Mulgrave Road Parramatta Park QLD 4870

    51 Mulgrave Road Parramatta Park QLD 4870 is categorized as Medical & Consulting Property. It has a floor area of 422 m² and a land area of 1,159 m². The listing ID for this property is 2018797293.

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