Central Coast Australia

Central Coast News

Investor Blitz Over Pandemic-Proof Medical Centre

By Burgess Rawson
Posted: 19 Dec 2020
Investor interest in the healthcare asset class remains strong, as a rare medical centre in Wyoming was snapped up for $1,890,000 on a 4.98% yield at Burgess Rawson’s Flagship Portfolio Auction this week.

The property boasts an impressive strategic 2,207sqm landholding, situated upon a prime highway roundabout corner exposed to over 25,790 cars daily.

Burgess Rawson Selling Agent Michael Gilbert believes the sale is a clear indication of the rising value of medical centres in the wake of the COVID-19 global pandemic.

Mr Gilbert outlined the particularly strong attraction to the property, attributing it to the easy accessibility.

“This property has many attractions, not least it’s on-site parking for 15 vehicles as well the adjacent popular dental practice and nearby Hungry Jacks.

The region’s population is predicted to grow by 18% to 414,615 by 2036, meaning that large land parcels should be increasingly hard to find.

With the forthcoming roll-out of vaccines around the corner, the investors and current medical centre tenanting the space with a 3 year lease to 2022 plus options, are positioned extremely well,” he said.

2-4 Renwick Street currently has a net income of $94,064 + GST.

The property sold under the hammer on December 8 at the Sydney Opera House, at Burgess Rawson’s end of year Portfolio Auction. A similar medical centre in Armidale sold prior to auction for $1,325,000 on a 5.78% yield, as did a Kempsey medical centre, although both buyer & seller asked for that price to remain confidential.

For further information about this property or current listings, please contact Michael Gilbert on 0402 024 790.

 
Terrigal Beach Apartment Terrigal Beach Apartment Terrigal Beach Apartment Beachbound Terrigal...

Recent News

Australia approves Pfizer vaccine
Australia approves Pfizer vaccine
The Therapeutic Goods Administration (TGA) has provisionally approved...
Be a mate to our furry friends in the heat
Be a mate to our furry friends in the heat
RSPCA NSW is urging all pet owners to keep their pets cool, hydrated,...
Exceptional Coasties honoured in Australia Day Awards
Exceptional Coasties honoured in Australia Day Awards
Twelve exceptional Coasties have received Australia Day honours, including...
Central Coast Primary Care to provide Scholarships for Aboriginal students
Central Coast Primary Care to provide Scholarships for Aboriginal students
Local not-for-profit, Central Coast Primary Care, has announced that i...
Central Coast Locals Bring the Show Home as the Live Band in Hit Musical Rent
Central Coast Locals Bring the Show Home as the Live Band in Hit Musical Rent
RENT is currently rocking the Sydney Opera House before it journeys up...

What's New

Takeaway and Home Delivery
Takeaway and Home Delivery
Waters Edge Seafood Restaurant
The Perfect Family Getaway
The Perfect Family Getaway
Toowoon Bay Holiday Park

Have You Visited

Announcement
The ultimate beachside holiday...Located in the heart of Terrigal ... only a minute's walk from fabulous restaurants and cafes.View Terrigal Beach Apartment »
Contact · Add Your Event · Submit News · Add Your Business · Privacy · Site Map · Website © 2006-2021 Stralia Web