5-7 Vidler Avenue Woy Woy NSW 2256
- Medical / Consulting
- 400 m²
- For 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
|Floor Area||400 m²|
|Land Area||1,340 m²|
|Parking||12 x Onsite parkings|
|Building Type||Whole building|
|Last updated||19 Feb 2019|