Burgess Rawson is pleased to present this high-profile medical investment for sale via Expression of Interest. The property is leased to Gundagai Medical Centre under a brand-new 5-year lease until 2029, with two additional 5-year options extending to 2039.
The Gundagai Medical Centre has been a cornerstone of the community, occupying this 866sqm building on the town's main street since 2000. Situated on a prominent 1,998sqm block in the heart of Gundagai, the practice is well-known to all residents as the town's major long-standing medical provider. The building recently underwent a full repaint, accompanied by fitout upgrades made by the tenant, demonstrating their commitment to a new long-term lease. Additionally, the tenant's ownership of a 40kW solar panel system further reinforces their dedication to the property. The property also offers plenty of convenient street parking, along with rear access for tenants.
Gundagai is a historic and picturesque town in New South Wales, located along the Murrumbidgee River and nestled in the foothills of the Snowy Mountains. With a rich history and a classic Australian charm, it boasts a strong livestock industry and serves as a welcoming community with approximately 2,000 residents. Strategically positioned midway between Sydney and Melbourne, Gundagai sits just off the Hume Highway, making it a key stopover for travellers and a gateway to the region's breathtaking natural landscapes. The Gundagai Medical Centre, conveniently located on the main street, is easily accessible from the highway and surrounded by essential amenities, including supermarkets, a service station, restaurants, retail shops, and professional services. This combination of accessibility, a vibrant local economy, and proximity to major arterial roads highlights Gundagai's appeal as both a community hub and a destination for visitors exploring the heart of regional Australia.
Highlights:
- Brand New 5-year lease until 2029, with options to 2039
- High Profile Main Street Location
- Annual CPI Rent Reviews
- Long term tenant and business
- Recently completed exterior painting
- Tenant enhancements to the fit-out for improved functionality
- 40kW Solar Panel System owned by the tenant further insuring tenants' commitment to the property.
- Plenty of convenient parking available on the street for clients and rear entry parking for tenants
- Outgoings payable by tenant as per lease with only minimal insurance and land tax by landlord
- Positioned just off the Hume Highway, the main arterial route between Sydney and Melbourne
Net Income: $95,000 per annum + GST
For Sale by Expressions of Interest
Offers Closing 4pm (AEDT) Friday 21 February 2025 (if not sold prior)
For more information please contact Guy Randell on 0430 272 999 or Kieran Bourke on 0417 418 007
