Burgess Rawson in conjunction with CBRE are pleased to offer to the market the Royal Rehab Centre located at 51 Mulgrave Road, Parramatta Park QLD for sale via our Investment Portfolio Auction 164.
This opportunity has the following key investment highlights:
+ Brand new ten (10) year net lease to July 2033
+ Two (2) further five (5) year options to July 2043
+ Royal Rehab: Australia's leading provider of rehabilitation and disability services with 25 locations across Queensland, New South Wales & Victoria
+ Highly desirable 3.75% fixed annual rent increases, with ratchet provisions at market review ensuring the rent cannot decrease
+ Tenant pays all usual outgoings including land tax
+ Impressive 422sqm* commercial building with an extensive tenant subsidized fit out purposefully designed to cater to disability services and rehabilitation equipment
+ Substantial 1,159sqm* landholding located on Mulgrave Road, a major thoroughfare through the Cairns CBD that interconnects with the Bruce Highway, offering exposure to over 24,000 passing vehicles daily*
+ Strategically located within 1.5km* of Cairns City's major shopping centres including Cairns Central, Orchid Plaza, The Pier Shopping Centre, Palm Court Shopping Centre & DFO Cairns
+ Prime positioning within a major NDIS catchment, with Cairns having the highest average annualised plan budgets and payments across all NDIS participants
+ Cairns: gateway to Australia's Great Barrier Reef, economic output of $10.22 billion and Australia's 5th largest regional city with a rapidly growing population forecast to exceed 265,000 by 2050
+ Net Income: $210,000 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 26 October 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson & CBRE team for more information
*Approx.
