NSW Government tenanted investment leased to June 2022.
Significant 2,675 sqm landholding in NW Sydney growth corridor.
NSW Government have occupied subject site for some 77 years!.
Lessee: Health Administration Corporation, occupying 100% of site.
Tenant pays outgoings, as per lease incl. land tax.
Attractive fixed 3% annual rental increases.
Comprises 2 storey residential building plus large ambulance station behind.
Residential R2 zoned site offering future subdivision / redevelopment potential.
Affordable investment opportunity with upside.
Net Income: $111,599 pa + GST (as at June 2017)