87 Blackwall Road Woy Woy NSW

  • 4
Secure Government Investment, Renewed Lease to 2029 + options to 2035
* Renewed Government lease to 2029 plus options to 2035
* Purpose built Centrelink & Medicare building, tenant in occupation since 2009
* Leased to the Commonwealth Government and occupied by Services Australia (previously known as Centrelink and Medicare).
* Growing population underpinned by strong economic fundamentals
* Central Coast NSW's Gross Regional Product is estimated at $20 billion
* Popular retirement and holiday location
* Long term redevelopment potential (STCA)
* 684 sqm central CBD land block with 524 sqm building
* $300,000 (approx) just spent by tenant on fit out
* Valuable depreciation benefits
* Annual CPI rent increases
* Easily managed premium tenant investment
* Net Income: $233,250 + GST (estimate in March)

Asking price: $3,890,000, a return of 6.00% in March (estimate)
  • Healthcare
  • 684 sqm
  • 524 sqm
  • $3,890,000 (6.00%)

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