Lot 74, 1-5 Dee Why Parade, Dee Why
COMMERCIAL | Sale – Expression of Interest closing Tue 24 Mar
Delmege Property Group, as exclusive selling agent, is pleased to present Lot 74, 1–5 Dee Why Parade, Dee Why – a premium strata healthcare investment strategically positioned at the gateway to the rapidly transforming beachside suburb of Dee Why.
Prominently located on a commanding corner with 40m* dual street frontage to Dee Why Parade and Pittwater Road, this blue-chip healthcare asset is underpinned by Medwest Practices, a professional and highly experienced multi-practice medical centre operator.
Offering long-term income security and a strong rental return, this property represents a rare opportunity to acquire a high-performing, low-maintenance healthcare investment in a tightly held Northern Beaches location, just 17km* from the Sydney CBD.
For more information, please contact Robbie Delmege on 0402 99 22 77.
KEY HIGHLIGHTS:
- Fully leased to a Medical Centre (81% by area) and Pharmacy; healthcare is a resilient asset class providing secure cash flow and low vacancy risk
- Long-term leases in place:
– Medical Centre: 5-year lease commencing 1 April 2026 plus 3 x 5-year options (to 2046). Tenant has traded onsite since 2012
– Pharmacy: 5-year lease commencing 6 February 2023 plus 2 x 5-year options (to 2038) - 609sqm of prime strata area plus 5 car spaces fronting a six-lane arterial road connecting the Northern Beaches to the Sydney CBD
- 2025 Taxable Land Value under the threshold — Nil land tax (single holding basis)
- Medwest Practices: professional management team with group practices in Dee Why, Ashfield, Blacktown and Rooty Hill
- High-quality, purpose-built medical centre featuring treatment rooms, new air conditioning, reception, staff and patient amenities, and waiting areas
- Zoned MU1 Mixed Use, permitting a broad range of uses^
- Dee Why is undergoing significant gentrification, transitioning into a high-demand and increasingly affluent Northern Beaches suburb
- Net income: $371,564 per annum* (GST excl.)
*Approx.
^Subject to Council Approval (STCA)
Outlines and markers indicative