A healthcare asset on Sydney's north shore has been sold for $6.25 million within a week of going on the market.

Developer Revelop purchased the Greencross Veterinary Hospital-anchored property in North Turramurra in an off-market deal brokered through JLL NSW Metropolitan Sales and Investments Directors Dylan McEvoy and Gordon McFadyen. 

Situated at 290 Bobbin Head Road, the 1,543 square metre site has been servicing Sydney’s North Shore for more than ten years.

At a glance: 

• The site of the Greencross Veterinary Hospital at 290 Bobbin Head Road, North Turramurra has been sold to developer Revelop for $6.25 million. 
• The off-market transaction was brokered through  JLL NSW Metropolitan Sales and Investments Directors Dylan McEvoy and Gordon McFadyen.
• The 1,543 square metre site has been servicing Sydney’s North Shore for more than ten years.

Greencross NSW Pty Ltd holds a month-to-month lease with Optus telecommunications holding an additional tenancy. 

Mr McEvoy said there were a variety of options available to the new owner.

“This asset provided the incoming purchaser with the opportunity to explore long term re-leasing opportunities with the current tenant, or alternatively the opportunity to reposition the property with another medical orientated occupier, ensuring a secure source of income for the future," he said.

“Demand from ultra-high net worth family offices looking to secure properties with leasing risk or other associated challenges has increased.

"Many of these groups can transact within a short amount of time and are not subject to any debt funding restrictions."

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