Retail for Sale, Building 4, 49 Frenchs Forest Road, Northern Beaches, 2086

Back to results

For Sale - Medical/Consulting, Retail, Commercial

PREMIUM FREEHOLD MEDICAL INVESTMENT NEXT TO NORTHERN BEACHES HOSPITAL

Highlights

Net income of $458,829 pa*
Longterm Lease & Options to 2047
Huge investment in building by tenant

Overview

CBRE is pleased to present Building 4, 49 Frenchs Forest Road East, Frenchs Forest. The opportunity is a medical investment leased out to Northern Beaches Cancer Care on a desirable long term net lease providing the prefect defensive asset. The property is a two storey medical freehold building with basement and on grade car parking for 19 cars. The asset sits on a significant 1,190sqm of land located in the heart of Sydney's Northern Beaches Medical Precinct just a few doors up from the new Northern Beaches Hospital. Building 4, 49 Frenchs Forest Road, Frenchs Forest benefits from the following attributes: • 100% Leased to Northern Beaches Cancer Care • Net rent of $458,829 per annum* • Valuable annual increases the greater of CPI or 3.75% • 100% of outgoings paid by the tenant • Long term lease with options to 2047 • Quality medical tenant providing the perfect defensive asset • Substantial tenant investment in the building and medical equipment • $1Billion of state government infrastructure investment into Frenchs Forest • The Northern Beaches Hospital Precinct Structure Plan proposes the phased delivery of approximately 5,360 dwellings and 2,300 new jobs to transition Frenchs Forest into the strategic centre of the Northern beaches. *Approximate Building 4, 49 Frenchs Forest Road East, Frenchs Forest will be sold via expressions of interest closing on Wednesday, 2 December 2020 at 4:00pm. For more information or to request access to the due diligence room, please contact the exclusive selling agents.

Less