11/65 Manning Street, Kiama NSW 2533

$1,350,000 - $1,410,000

2 parking

Sold by Michele Lay & Matthew Lay

An outstanding opportunity to acquire a tightly held medical investment in the centre of Kiama CBD, leased to a nationally recognised mental health provider, Headspace.

Positioned within Kiama's core commercial precinct, moments to retail amenities, transport and the beachfront, this asset offers secure income backed by an essential community service tenant on strong lease terms.

Investment Summary
• Tenant: Headspace (National Government Funded Medical Tenant)
• Lease: 5 years with 5 year option
• Rent Reviews: Fixed 4% annual increases
• Structure: Net lease (most outgoings payable by tenant)
• Net Income: Secure, recurring income stream
• Total Area: 250m² (approx.)
• Parking: 2 on title allocated secure, undercover car spaces


Investment Fundamentals
Current Rental: $83,283.12 per annum including GST
Yearly increases: 4% fixed
Commencement date: 1 October 2023
Option Period: 5 years

• Triple A "everyday necessity" tenant profile
• Fixed annual rental growth provides built-in yield escalation
• Defensive healthcare sector covenant
• Established mixed-use commercial/residential precinct

This is a rare opportunity to secure a blue-chip medical investment in a tightly held coastal market with long-term income certainty and fixed growth.

For further information, contact Matthew Lay on 0448 440 609 or Michele Lay on 0409 461 756


DISCLAIMER: Ray White Kiama has taken all care in preparing this information and uses its best endeavours to ensure that the information contained therein is true and accurate, however, accepts no responsibility in respect of any errors, inaccuracies, or misstatements contained herein. Ray White Kiama urges all clients to make their own enquiries to verify the information contained herein.

Property Details

• Type: Medical/Consulting
• Parking Comments: 2 x 16m2
• Tenancy: Tenanted