50 to 100% of freehold for sale. No current tenant

Property for sale in Sydney

Asking Price $3,600,000

DPA and MMM3 NSW regional freehold opportunity

The vendor has a 50% ownership in the freehold of a very large commercial space; which housed a corporate medical business. There are 13 consulting rooms, a pathology room, and 2x large treatment rooms. The income from the freehold yielded about 7.5% to 8% in return. A chemist is the tenant in common for this space as both parties have a vested interest. The rent paid was about $190K pa + GST + on-costs + annual increases at CPI.

The pharmacist would buy the vendor out if they could get a long term tenant OR the vendors will sell 100% of the building and adjacent large car park!

Why buy this building?

598m2 inside the building across 2x blocks of land
13 CR’s + 2x rm path centre, an office, lge tx rm (3x bed) and an excision room
36 car parks on the 3rd block of land
May be of interest to a large allied health group, or GPs, specialists… a great opportunity for a multi-disciplinary health hub
Zoning is general residential  – 1,670m² block size
RPD: LOT 1 DP1102765
Title Ref: 1/1102765
Title Indicator: No More Titles
LA: Mid-Coast
Please could you let me know if you want to chat online with the vendor or to schedule a site visit at a mutually convenient time?
CA link: https://linkbusiness.com.au/businesses-for-sale/listing-enquiry/?listingid=6031b0af-4182-e711-8123-e0071b6a8201

Sally Stuart
sally.stuart @linkbusiness.com.au

Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker. Stock photo images may be used to represent the business on an unidentified basis.