SOLD - Casino (Northern Rivers) - Purpose Built Medical Investment – 3% Fixed Increases

Cushman & Wakefield is pleased to present to the market 124 Centre Street, Casino (Northern Rivers) for Sale via Auction.

The property has the following key characteristics:

• New 10 year lease to 2030 + options to 2040
• Centre Street Dental – Immaculately presented Dental practice operational for over 30 years. Specialised and general dental provider in the Northern Rivers
• Purpose built state of the art medical and dental facility equipped with 4 surgery rooms, x-ray room, sterilising room including modern offices and reception
• Medical & Dental facility providing depreciation benefits
• Landlord friendly net lease with the tenant paying all outgoings as per the lease
• Lease secured by Director’s G’Tee & Bank G’Tee equivalent to 3 months rent & outgoings
• Casino – Strong regional essential service town situated 26 km to Lismore Airport and 66 km to Ballina Byron Gateway Airport
• Northern Rivers – NSW fastest growing region
• Guaranteed rental growth with fixed 3% increases
• Net Income $60,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 5 November at 12 noon AEDT at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW 2000.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.