64 Junction Street, Nowra NSW 2541

Auction Date: June 25, 2024

Freestanding Investment leased to ASX listed - Pacific Smiles Group

Auction Location: Yallamundi Rooms, Sydney Opera House

To be sold by Investment Portfolio Auction
Tuesday 25 June 2024 at 10:30am AEST, Yallamundi Rooms, Sydney Opera House

The property at 64 Junction Street, Nowra features a single storey medical premises currently leased to ASX listed tenant, Pacific Smiles Group. The building itself is equipped with a large and comfortable waiting room, multiple private dental treatment rooms, sterilisation areas and staff amenities and also features onsite parking at the rear of the building. The property is situated on a 678sqm* site and is wheelchair accessible to ensure all patients can comfortably access the practice. The property strictly adheres to industry regulations and guidelines, providing a safe and secure environment for all people on the premises.

The property is conveniently located with close proximity to Nowra Shopping Mall which includes national brands Coles and Woolworths. 64 Junction Street, Nowra is easily accessible, with frontage to Junction Street, and in close proximity to Princes Highway. Princes Highway serves more than 60,000* vehicles daily on the east coast of NSW and runs through Nowra, providing direct access to the city centre and Stockland Nowra, home to national brands including Woolworths and Kmart.

Key features:
- Leased to ASX listed tenant Pacific Smiles Group
- Net income $102,939 pa* + GST
- Longstanding dental practice occupied by Pacific Smiles Dental since 2010
- Land area 678sqm*
- Annual increases (greater of 3% or CPI), ensuring income growth

*Approximately