SOLD - Castle Hill (Sydney) - Premium Metro Sydney Medical Investment

Cushman & Wakefield is pleased to present to the market 76 Showground Road, Castle Hill (Sydney) for Sale via Auction.

The property has the following key characteristics:

• New 10 year lease to 2030 + options to 2040
• The Centre for Gastrointestinal Health - Specialist Gastrointestinal Health Centre with multiple medical centres across Sydney & growing. Proven specialist centre & operator with 16+ years industry experience
• Prime main road location along busy Showground Road & direct thoroughfare to Castle Hill CBD
• Newly renovated medical facility completed in 2019 offering depreciation benefits
• Strategic location only minutes to Castle Towers Shopping Centre & associated medical practices including Castle Hill Specialist Medical Centre, Hills Dentistry & Sivanna Health
• Lease secured by 6 month bank & director guarantee
• Substantial future development upside and re-zoning potential (STCA)
• Tenant pays 100% of outgoings including Land Tax
• Castle Hill - North west suburb of Sydney located 30 kms from the CBD
• Fixed 3% annual rent increases
• Net Income $175,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 19 March at 10am AEDT at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW 2000.

Prospective purchasers and interested parties in this tenanted investment 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.