3 Montague Street,
Balmain, NSW 2041
Offices • Medical & Consulting
Key property information
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Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
3 Montague Street
Balmain, NSW 2041
Map of 3 Montague Street
Prime Medical Investment
- 4 tenants
- Dramatically underrented
- Stabilised Medical
Colliers are proud to be marketing this asset via Expressions of Interest closing Friday, 22 July 2022 at 2:00pm.
Key investment highlights include:
- Imposing street presence with heritage charm
- Corner allotment with huge land area
- Basement parking for 22 cars
- $410,000 per annum net income with 100% medical concentration (Medical Centre, Dentist, Physio, Optometrist & Pathology)
- Substantial rent reversion opportunity, with the current anchor tenant 7+years in occupation paying a modest $288/m2 p.a. gross
- 5km to Sydney CBD and well accessed via local bus routes, ferries and the future Metro West Station
- Within a key infrastructure location benefitting from direct access to major transport links including Sydney Metro West Hard Rail, Westconnex, Western Harbour Tunnel and Beaches Link and the Bays Precinct Upgrades
Rarely does such an investment come to market, particularly when the underlying improvements and upside represent value that outweighs its current investment value.
For more information please contact James Cowan or Steam Leung from Colliers.
Key investment highlights include:
- Imposing street presence with heritage charm
- Corner allotment with huge land area
- Basement parking for 22 cars
- $410,000 per annum net income with 100% medical concentration (Medical Centre, Dentist, Physio, Optometrist & Pathology)
- Substantial rent reversion opportunity, with the current anchor tenant 7+years in occupation paying a modest $288/m2 p.a. gross
- 5km to Sydney CBD and well accessed via local bus routes, ferries and the future Metro West Station
- Within a key infrastructure location benefitting from direct access to major transport links including Sydney Metro West Hard Rail, Westconnex, Western Harbour Tunnel and Beaches Link and the Bays Precinct Upgrades
Rarely does such an investment come to market, particularly when the underlying improvements and upside represent value that outweighs its current investment value.
For more information please contact James Cowan or Steam Leung from Colliers.
Balmain, 2041 demographic data
The median household income for Balmain is $3,039, 46% higher than Greater Sydney's household income of $2,077. Balmain has an older age profile compared to the rest of Greater Sydney (median age 42 vs 37). Property ownership data shows 49% of property owners in Balmain have a mortgage.
10,454
Population
$3,039 per week
Median household income
42 years
Median age
Owners
Most residents
Families
Most households
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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