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SECURE MEDICAL INVESTMENT WITH A 10 X 10 YEAR LEASE

Auction

This high income, long lease, essential service investment in the heart of Concord, will be auctioned by the exclusive selling agents, Belle Property Commercial. This Medical Centre has been servicing the local Concord community and broader inner west with GP services for over 25 years. With a 10 x 10 year leases in place and an annual income of $273,180.60 + GST per annum nett, this is a set and forget income generating asset for your portfolio.

Features Include:
- Annual Nett Income $273,180.60 + GST
- Tenant Pays all outgoings
- Annual rental increases 3%
- Rental as of 2nd April 2022 to be $281,376.00 + GST
- Floor Area – 279sqm
- Heart of Majors Bay Road – Main Street of Concord
- Lease Expiry April 2028
- Option until 2038

The Auction will be held on Tuesday 2nd November 2021 at 10:30am at Auctionworks - 50 Margaret Street, Sydney NSW 2000

Auction
Tuesday, 2 November 2021 - 10:30am 02/11/2021 10:30 AM Australia/Sydney Auction for 1/114 Majors Bay Road, CONCORD NSW 2137 - Belle Property 1/114 Majors Bay Road, CONCORD NSW 2137 Belle Property false DD/MM/YYYY
Tuesday 2 November 2021 - 10:30am
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186 Enmore Road, Enmore NSW 2042
Auction
Tuesday, 2 November 2021 10:30am 02/11/2021 10:30 AM Australia/Sydney Auction for 1/114 Majors Bay Road, CONCORD NSW 2137 - Belle Property 1/114 Majors Bay Road, CONCORD NSW 2137 Belle Property false DD/MM/YYYY
Tuesday, 2 November 2021 10:30am

Property information

Property ID
1840700
Property Type
Commercial
Type
For Sale
Category
Medical/Consulting
Land Size
390.00m2
Building Size
287.00m2
Inspect
By Appointment
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Thank you for your interest in 1/114 Majors Bay Road, CONCORD NSW 2137.
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