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599-601 The Entrance Road
Bateau Bay NSW 2261
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Sold on 24 Oct 2023

599-601 The Entrance Road Bateau Bay NSW 2261

  • Medical / Consulting
  • 1 m²
  • Sold

Longstanding Medical Centre in Strategic Central Coast Location

    Burgess Rawson is pleased to offer to the market 599-601 The Entrance Road, Bateau Bay NSW for sale via our Investment Portfolio Auction 164.

    The property has the following investment highlights:

    + Highly sought-after medical leased asset class
    + Bateau Bay Medical Centre: New 10 year lease plus options to 2042
    + Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and single holding land tax
    + Attractive annual rent increases (greater of CPI or 2.5%) ensuring strong income growth
    + Substantial 1,265 sqm* corner landholding offering 16 valuable on site car spaces
    + High exposure dual street frontage of 65.69 metres to The Entrance Road and Mossman Avenue
    + Longstanding medical history: operating in Bateau Bay for 40+ years
    + The Entrance Road: the main thoroughfare in the region, with 15,000* vehicles travelling daily,
    + Close to Bateau Bay Square, comprising national retailers including Woolworths, Coles, K-Mart, Aldi and Dan Murphy's, among others
    + Easily managed single tenant investment, allowing interstate or overseas ownership
    + Central Coast: thriving region supporting over 348,930 residents, forecast to grow to 415,355 people by 2036**
    + Net Income: $150,000 pa* + GST

    To be sold by Investment Portfolio Auction
    10:30am AEDT Tuesday 24 October 2023
    Yallamundi Rooms, Sydney Opera House

    Please contact the exclusively appointed sales team for more information.

    *Approx
    **https://forecast.id.com.au/central-coast-nsw

    AUCTION

    Auction date and time24/10/2023 10:30
    Auction locationYallamundi Rooms, Sydney Opera House
    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold24 Oct 2023
    Floor Area1 m²
    Land Area1,265 m²
    ParkingAsk Agent
    Property ID2018791446
    Category
    Last updated  25 Oct 2023
    Map for 599-601 The Entrance Road Bateau Bay NSW 2261

    Nearest transport* to 599-601 The Entrance Road Bateau Bay NSW 2261

    Bus
    Train
    Tram
    Ferry
    Central Coast Hwy before Bateau Bay Rd65 m
    Central Coast Hwy opp Bateau Bay Rd96 m
    Bateau Bay Rd opp Kedge Lane136 m
    Bateau Bay Rd at Kedge Lane142 m
    This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
    *Within a 4km radius
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    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold24 Oct 2023
    Floor Area1 m²
    Land Area1,265 m²
    ParkingAsk Agent
    Property ID2018791446
    Category
    Last updated  25 Oct 2023

    Co-Agents

    Darren Beehag
    Burgess Rawson Sydney
    Call
    0411 226 223
    Flynn McFall
    Flynn McFall
    Burgess Rawson Sydney
    Call
    0481 187 191

    More about 599-601 The Entrance Road Bateau Bay NSW 2261

    599-601 The Entrance Road Bateau Bay NSW 2261 is categorized as Medical & Consulting Property. It has a floor area of 1 m² and a land area of 1,265 m². The listing ID for this property is 2018791446.

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