Burgess Rawson is pleased to offer to the market 7-13 West Mall, Rutherford (Maitland) NSW for sale via our Investment Auction Portfolio 168.
+ Anchored by longstanding net lease to Pacific Smiles Dental to 2028 + options to 2038 (Pacific Smiles in occupation 16+ years)
+ Pacific Smile Dental: ASX listed dental powerhouse with 130+ locations^
+ Renewed lease to Domino's: multinational ASX listed fast food giant with a market cap of $3.86 billion & 18,000+ locations^^ (Domino's in occupation 23+ years)
+ Commercial centre supported by medical, fast food, retail and office tenants
+ Favourable rent reviews with a mix of CPI and fixed 3% annual rent increases
+ Highly desirable net lease structure with tenants responsible for all outgoings including land tax and property management (as per lease)
+ Expansive and well configured 867sqm* freehold landholding improved by an impressive 735sqm building
+ Future value add and development upside potential zoned E1: Local Centre with 2:1 FSR (STCA)
+ Immaculate dental facility and fit-out to Pacific Smiles Dental design standards offering cosmetic, orthodontics, periodontics, prosthodontics, dental surgery and much more
+ Strategic multidisciplinary location directly opposite Woolworths, Coles anchored Rutherford Shopping Centre, ALDI, Terry White Chemist, Rutherford Medical Centre and much more
+ Positioned just off 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. Rutherford is located approx. 170km* north of Sydney CBD and 46km* to Newcastle CBD#
+ Maitland has been named the fastest growing regional area for FY22/23 with a current population of 476,654+ ##
+ Net Income: $262,667 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 here: www.portfolioauctions.com.au
*approx
^ pacificsmilesdental.com.au
^^ dominos.com.au & marketindex.com.au
^^^ gapmaps.com.au
# app.remplan.com.au
## gdevelopments.com.au & abs.gov.au
