Burgess Rawson and Commercial Collective are pleased to offer to market 6 Molly Morgan Drive, East Maitland NSW for sale via Investment Auction Portfolio 169.
The property has the following investment highlights:
+ Anchored by ASX listed tenant Pacific Smiles Group to 2026 + option to 2031
+ Pacific Smiles Group: ASX listed dental powerhouse with 120+ locations
+ Good Health Greenhills: long established medical centre offering multiple health services
+ Commercial centre supported by medical, fast food, retail and office tenants
+ Favourable rent reviews with a mix of CPI and fixed 3% per annum
+ Highly desirable net lease structure with tenants responsible for all outgoings including land tax (as per leases)
+ Expansive and well configured 2,400sqm* freehold landholding improved by an impressive 1,416sqm* building
+ Future value and development upside potential, zoned E2: Commercial Centre with 2:1 FSR
+ Strategic location opposite Stockland Green Hills with close proximity to McDonald's, KFC, Dan Murphy's, Maitland Hospital and Maitland Private Hospital
+ Positioned less than a minute from the New England Highway, a major arterial servicing the east coast of NSW, with over 38,000* vehicles travelling daily
+ Maitland: Economic output of $10.9m with the largest industry by employment being healthcare. East Maitland is located approx. 170km* north of Sydney CBD and 30km* to Newcastle CBD
+ Maitland has been named the fastest growing regional area for FY22/23 with a current population of 476,654+
+ Net Income: $465,132 pa* GST
To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 25 June 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information
*Approx
forecast.id.com.au
