Sonic Healthcare, 12 & 13, 13 Belgrave Street, Kogarah, NSW 2217

Burgess Rawson is pleased to offer to market 12 & 13 / 13 Belgrave Street, Kogarah NSW for sale via our Investment Portfolio Auction 177.
 
This premium medical investment property has the following key highlights:
 
+ New 7-year lease to 2031 plus further options to Castlereagh Imaging (Sonic Healthcare) to 2041
+ Medical centre includes Castlereagh Imaging and Douglas Hanly Moir Pathology, 100% leased to Castlereagh Imaging, who are wholly owned by Sonic Healthcare
+ Sonic Healthcare - global healthcare provider and ASX listed company with a market capitalisation of $12.9B+
+ Prime corner position on blue chip street with significant street frontage and exposure in epicenter of major established medical precinct
+ Annual rental increases of CPI + 0.25%
+ Corporate guarantee to Sonic Healthcare, providing strong lease security
+ Significant tenant capital expenditure and immaculate medical fit-out (completed 2024/25), including latest MRI imaging and radiology equipment + pathology
+ Strategic healthcare location – directly opposite St George Hospital, currently undergoing a $400 million+ redevelopment due for completion in 2026
+ Positioned less than 300m* from Kogarah Train Station and neighbouring two large public carparks
+ Includes 8 valuable undercover, secure car parks on site
+ Ideal location at the epicentre of tightly held medical precinct and civic centre
+ Kogarah: Established suburb 14km* south of Sydney CBD and part of the Bayside LGA, one of Sydney’s fastest growing local government areas
+ Net Income: $347,025 pa* + GST
 
To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 24 June 2025
Yallamundi Rooms, Sydney Opera House
 
Please contact the exclusively appointed sales team for more information.
 
*Approx