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5-7 Vidler Avenue Woy Woy NSW 2256

  • Medical / Consulting
  • Floor Size400 m²
  • PriceFor Sale, $4,250,000 (GST na)

A Rare Opportunity Exists !

  • Next to Brisbane Water Private Hospital
  • Metres to Woy Woy Public Hospital
  • Potential for Medical expansion

ONE FOR THE MEDICAL PROFESSIONAL OR SMSF !

Adjoining Brisbane Water Private Hospital and only metres from the Woy Woy Public Hospital, is this large 1340 sqm blue chip block of land currently on 2 titles, with a long standing Medical Centre currently on one block and an existing old cottage on the other block, that is ready for medical expansion or medical re-development.

The existing Medical Centre has a superb long term tenant in place on a new 5 year lease with variable options and returns around $180,000 per annum, with the existing residential cottage returning an additional $23,000 per annum on a standard residential lease. This old cottage site allows scope to immediately knock down and re-develop by constructing a 2nd medical centre next door to the existing medical centre (STCA), creating a potential combined return of around $360,000 per annum as a total income for both buildings.

There is an option for the existing Medical Centre tenant to pay 5 years rent in advance, totalling around $900,000 upfront, this option being subject to terms & conditions.

This is a rarely found blue chip parcel of real estate on the Woy Woy Peninsula adjoining the only 2 hospitals in the region, with an expanding population on the Peninsula and being located just over an hours drive to Sydney's CBD, a rare opportunity exists.

With so much expansion potential, this is an extremely solid investment for the medical professionals or a superb return for a Self Managed Superannuation Fund, so don't delay to call Phil McCord now on 0417 260056 to find out more information.

NOTE: THE CURRENT MEDICAL PRACTICE IS NOT INCLUDED IN THE SALE !

To view more properties listed by Richardson & Wrench Umina Beach, go to www.randwuminabeach.com.au

Property Highlights

Property ID2014941376
Floor Area400 m²
Land Area1,340 m²
Parking12 x Onsite parkings
Building TypeWhole building
Annual Return5%
AvailabilityTenanted
Category
Last updated  19 Feb 2019
Map for 5-7 Vidler Avenue Woy Woy NSW 2256
Richardson & Wrench Umina Beach
198 West St Umina Beach NSW 2257

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