Bowral Medical Centre investment sold 5.05% yield by Burgess Rawson
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Mar 22, 2023
Bowral Medical Centre investment sold 5.05% yield by Burgess Rawson
45 Bowral Street sold to private investor $2.672 million by Burgess Rawson’s Geoff Sinclair and Yosh Mendis.
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45 Bowral Street sold to private investor $2.672 million by Burgess Rawson’s Geoff Sinclair and Yosh Mendis.
A private investor has paid $2.672 million for a medical centre sold through Burgess Rawson’s Geoff Sinclair and Yosh Mendis.
The sale price reflected a yield of 5.05%.
Located at 45 Bowral Street, the Centre for Gastrointestinal Health occupies the property on a new 10-year lease paying a net annual rental of $135,000.
Mr Sinclair said the strategic asset appealed to a wide range of investors due to the secure long-term lease in place to a proven medical performer, while underpinned by a sought after and tightly held Bowral freehold landholding.
The property benefits from its ideal medical position within Bowral only 750 metres to Southern Highlands Private Hospital and Bowral and District Hospital.
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Important Information:
Contact details:
Yosh Mendis
Burgess Rawson
+61 434 413 188
Email
18036
12678
Yosh Mendis
Geoff Sinclair
Burgess Rawson
+61 451 462 759
Email
18036
17231
Geoff Sinclair
