SOLD
Sold on 11 Oct 2024 for $7,650,000

275 Addison Road
Petersham NSW 2049

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 67m2
Land area: 1676m2
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Property Details for 275 Addison Rd, Petersham

Building Type
Commercial
Year Built
1975
Floor Size
67m2
Land Size
1676m2
Local Government
Inner West
Lot/Plan
4/DP5253

Last Listing description (September 2023)

JLL are proud to exclusively present for sale Royal Rehab Private Petersham, a three-storey purpose fitted rehabilitation hospital underpinned by Royal Rehab, Australia's leading provider of rehabilitation and disability services.


Investment Highlights:

- Conveniently located only 6-kilometres south west from the Sydney CBD, offering significant benefits including access to amenity and public transport.

- Long term 15-year lease term offering substantial income security, underpinned by a market leading operator providing core healthcare services.

- Boasting a large land area of 1,676m with favourable R1 - General Residential zoning under the Inner West Council town plan, Royal Rehab Petersham benefits from a prominent location on a high exposure corner site with dual street access.

- Royal Rehab has been in operation for over 120-years and has become Australia's leading provider of rehabilitation and disability services.

- Favourable future rental growth through greater of 2.50% or CPI annual reviews, in addition to market reviews at the 5th anniversary of the commencement date (2024) and upon commencement of a further term.

- A major, non-cyclical asset class with institutional appeal, underpinned by defensive income streams and non-discretionary spending.

- Net operating income of $502,938 per annum + GST.

A 100% freehold interest in Royal Rehab Petersham Private is being offered via Expressions of Interest closing Thursday 12th October 2023 at 2:00pm (AEDT).

Property History for 275 Addison Rd, Petersham, NSW 2049

A timeline of how this property has performed in the market
Last Sold
$7,650,000
11 Oct 2024
  • 11 Oct 2024
    Sold for $7,650,000
  • 20 Sep 2023
    Listed for Sale Contact Exclusive Selling Agents
  • 24 Aug 2021
    Sold for $8,450,000
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