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Sold on 11 Jan 2016

38 Pacific Highway St Leonards NSW 2065

  • Offices
  • 1,600 m²
  • Sold

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.

Features Include:
• 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.

Property Highlights

Property ID2012343333
Date Sold11 Jan 2016
Floor Area1,600 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingAsk Agent
Category
Last updated  5 May 2016
Map for 38 Pacific Highway St Leonards NSW 2065
CI Australia
Level 4, 35 Clarence Street Sydney NSW 2000

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