38 Pacific Highway St Leonards NSW 2065
- 1,600 m²
Blue Chip Medical Investment
CI Australia is delighted to present 38 Pacific Highway, St Leonards to the market for Sale via Public Auction.
38 Pacific Highway, St Leonards represents an exciting opportunity to acquire a Blue Chip Medical Investment, within a well renowned Health & Education epicentre. The asset is located amongst a conglomerate of medical and health specialists in addition to being strategically positioned opposite the Royal North Shore Hospital & St Leonards Train Forum.
38 Pacific Highway is anchored by a 10 + 10 + 10 year lease to Northern Cancer Institute over 68% of the NLA, in addition to various other medical specialists. This property will give any prospective purchaser excellent exposure to the secure medical sector within the transforming St Leonards corridor.
• 1,600sqm + 48 car spaces
• 93.5% Leased to Medical Specialists
• 10 + 10 + 10 year lease to Northern Cancer Institute (68% NLA) being utilised as a Day Hospital
• Positioned amongst a conglomerate of medical and health specialists
• Located opposite Royal North Shore Hospital which is undergoing a $1.127B upgrade
• Opposite the St Leonards Train & Bus Interchange
• Fixed increases ensuring rental growth
• Completed in 1987 and newly refurbished
• Minimal CAPEX forecasted
• Substantial Development Upside – FSR 5.1:1
• Located within the St Leonards South Strategy Precinct
• Estimated Fully Leased Net Income $1,100,000 + GST
For further information or to inspect the property please contact Nick Lowry or Bevan Kenny from CI Australia the Exclusive Marketing Agents via the details provided.
|Date Sold||11 Jan 2016|
|Floor Area||1,600 m²|
|Land Area||Ask Agent|
|Last updated||5 May 2016|