40-42 President AvenueCaringbah NSW 2229
Property Details for 40-42 President Ave, Caringbah
Last Listing description (November 2023)
Burgess Rawson is pleased to offer to the market 40-42 President Avenue, Caringbah NSW for sale via Expressions of Interest.
The property has the following features:
+ Renewed 7 year lease to 2029 + options to 2044 (tenant in occupation for 21+ years)
+ Multi-disciplinary medical centre offering General Practice, Specialist Treatment, Nursing, Dental, Pathology, Imaging, X-Ray and much more
+ Fixed 3% annual rent increases ensuring long term compounding rental growth
+ Strategic 1,144 sqm* freehold landholding improved by a 1,434 sqm* multi-level medical centre benefiting from over 33m* of frontage to President Avenue
+ Secure basement carparking for 43 vehicles.
+ Proven healthcare position close to Sutherland Hospital, Kareena Private Hospital and Ramsay Surgical Centre Miranda
+ ForHealth Caringbah is ideally located near the corner of Kingsway and President Avenue across from Centrelink, Chemist Warehouse, McDonald's, Woolworths Caringbah and a brand new $80million, 122 residential apartment development incorporating a brand new Coles Supermarket and Liquorland
+ Landlord friendly net lease with tenant responsible for 100% of outgoings inc. Property Management, R&Ms & NSW multi-holding Land Tax
+ Caringbah: prized Sutherland Shire location 29 km to Sydney CBD and 5 km to Cronulla Beach
+ Net Income: $1,079,318 pa* + GST
For sale via Expressions of Interest
Closing 3:00pm AEDT Friday 1st December 2023.
Please contact the exclusively appointed Burgess Rawson team for more information.
Property History for 40-42 President Ave, Caringbah, NSW 2229
- 14 Jun 2024Sold for $16,350,000
- 02 Nov 2023Listed for Sale Contact Agent
- 07 Aug 2009Sold for $8,700,000
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About Caringbah 2229
The size of Caringbah is approximately 5 square kilometres. It has 18 parks covering nearly 4% of total area. The population of Caringbah in 2011 was 10,955 people. By 2016 the population was 11,673 showing a population growth of 6.6% in the area during that time. The predominant age group in Caringbah is 30-39 years. Households in Caringbah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Caringbah work in a professional occupation. In 2011, 62.4% of the homes in Caringbah were owner-occupied compared with 59.9% in 2016.
Caringbah has 8,371 properties. Over the last 5 years, Houses in Caringbah have seen a 52.59% increase in median value, while Units have seen a 28.66% increase. As at 30 September 2024:
- The median value for Houses in Caringbah is $1,808,448 while the median value for Units is $868,857.
- Houses have a median rent of $835 while Units have a median rent of $650.
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