Share this property

4/49 Frenchs Forest Road East Frenchs Forest, NSW 2086

Directions

4/49 Frenchs Forest Road East,
Frenchs Forest, NSW 2086

Medical & Consulting • Offices • Other

Price information

Sale - Auction

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Private inspections

to arrange a private inspection.

Map of 4/49 Frenchs Forest Road East

Directions
  • Bus stops within 5 km of 4/49 Frenchs Forest Road East, Frenchs Forest, NSW 2086Distance
    Frenchs Forest Rd at Romford Rd97 m
    Frenchs Forest Rd Opp Hurdis Av113 m
    Warringah Rd Opp Rodborough Rd141 m
    Frenchs Forest Rd at Inverness Av253 m
    Frenchs Forest Rd After Skyline Pl298 m
    POWERED BY HERE ©
POWERED BY HERE ©

PREMIUM FREEHOLD MEDICAL INVESTMENT IN NORTHERN BEACHES MEDICAL PRECINCT

  • Net Annual Income: $504,000*
  • Long Term Lease & Options to 2057
  • Class 9a Healthcare Building
CBRE, as the exclusive sales agent is pleased to present, building 4, 49 Frenchs Forest Road East, Frenchs Forest. The property is a two-storey medical freehold building with a basement and on grade car parking for 19 cars. Situated next to the new Northern Beaches Hospital, the property is set to benefit from the rapidly growing medical precinct shaped by the Northern Beaches Hospital Structure Plan. The modern designed building is constructed of precast concrete with large glass windows providing ample natural light.

The property sits on a significant 1,190sqm of land located in the heart of Sydney's Northern Beaches Medical Precinct. Fully leased to Northern Beaches Cancer Care, the tenant has operated from the property since 2017 and have invested significantly into the building making it suitable for their use. Just recently completed, the total investment into the building and specialised medical equipment has eclipsed $20 million, including a new LINAC bunker and machine, power, air-conditioning, and fire upgrades resulting in the building obtaining classification as a Class 9a healthcare building under the BCA. The property presents a secure investment for prospective purchasers in an area state led for significant transformation and rapid growth via a new Town Centre, and phase one of the Northern Beaches Hospital Precinct Structure Plan.

Building 4, 49 Frenchs Forest Road East, Frenchs Forest benefits from the following key attributes:

•100% leased to Northern Beaches Cancer Care
•Net annual income of $504,000*
•Desirable annual rental increases the greater of CPI or 3%
•Long term lease with options to 2057
•Basement and on-grade parking for 19 cars
•$20m of total investment into the building and specialised equipment, resulting in classification as a Class 9a healthcare building under the BCA
•The security of the tenant’s investment in the building and lease provides an extremely strong defensive investment proposition
•Over the next 20 years, the 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.
•$1Billion of state government infrastructure investment into Frenchs Forest under the Northern Beaches Hospital Precinct Structure Plan

Building 4, 49 Frenchs Forest Road East, Frenchs Forest will be sold via Public Auction on Tuesday 5 April 2022 at 10:30am at auctionworks (registration, online bidding and livestream available)

Please enquire directly with the exclusive agents to arrange a private viewing.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approx.

Property ID: 504024591Last Updated: 7 Jun 2022

realcommercial.com.au logo
4/49 Frenchs Forest Road East
Frenchs Forest, NSW 2086
CBRE - Sydney
Level 21, 363 George Street
SYDNEY, NSW 2000
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.