Log In/Sign Up
Your email has been sent.
30 Station St 4,650 SF Office/Medical Condo Unit in Engadine, NSW 2233
Investment Highlights
- Recently refurbished 432 sqm medical practice with $100k fit-out completed in 2022.
- Central Engadine location near major retailers and 33 km from Sydney CBD.
- Located in a high-demand GP catchment with over 111,000 annual visits within 3 km.
Executive Summary
The property comprises a mixed-use configuration with ground-level retail tenancies and an office space on the upper level occupied by a medical tenant. On-site parking is available for convenience, supporting both retail and medical uses. The building is centrally located within a vibrant commercial precinct, with major retailers including ALDI, Woolworths, Coles, and McDonald’s situated within 300 meters. This positioning provides strong accessibility and exposure, enhancing the property’s functionality for tenants and visitors alike.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
This first-level office condo offers a fully leased investment opportunity, secured by a reputable medical tenant under a long-term agreement. Featuring a modern fit-out and professional layout, the space is designed to accommodate high-quality healthcare services. Positioned in a prime location with excellent accessibility and proximity to key amenities, this property provides stable income and strong tenant covenant, making it an ideal addition to any investment portfolio.
Sale Notes
CBRE presents a premium medical investment opportunity with Myhealth Engadine, a fully leased medical center located in the heart of Southern Sydney. The property is secured by a 10-year lease to June 2032, with two additional five-year options extending to 2042, providing long-term income stability. The tenant, Myhealth, is a leading primary care and GP-led medical provider operating 106 locations across NSW, VIC, and QLD, and is 90% owned by ASX-listed Medibank (ASX: MPL), Australia’s largest private health insurer with a market capitalization of approximately $12 billion.
The lease includes annual rent reviews indexed to CPI plus 2%, ensuring strong rental growth over time. The 432 sqm medical practice underwent a $100,000 refurbishment in 2022, presenting in immaculate condition. Positioned in a high-demand GP catchment that attracts over 111,000 visits annually within a 3 km radius, the property benefits from strong healthcare demand fundamentals.
Located just 33 km from Sydney CBD, Engadine is a thriving Southern Sydney metro hub with significant population growth and robust economic activity. The property enjoys a central position near major retailers including ALDI, Woolworths, and Coles, all within 300 meters, enhancing accessibility and visibility. With a net income of approximately $142,033 per annum plus GST, this asset offers a secure, long-term investment backed by a blue-chip healthcare covenant.
The lease includes annual rent reviews indexed to CPI plus 2%, ensuring strong rental growth over time. The 432 sqm medical practice underwent a $100,000 refurbishment in 2022, presenting in immaculate condition. Positioned in a high-demand GP catchment that attracts over 111,000 visits annually within a 3 km radius, the property benefits from strong healthcare demand fundamentals.
Located just 33 km from Sydney CBD, Engadine is a thriving Southern Sydney metro hub with significant population growth and robust economic activity. The property enjoys a central position near major retailers including ALDI, Woolworths, and Coles, all within 300 meters, enhancing accessibility and visibility. With a net income of approximately $142,033 per annum plus GST, this asset offers a secure, long-term investment backed by a blue-chip healthcare covenant.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 3 | 4,650 SF | Office/Medical | Upon Request | - |
Unit 3
| Unit Size |
| 4,650 SF |
| Condo Use |
| Office/Medical |
| Price |
| Upon Request |
| NOI |
| - |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 3
| Unit Size | 4,650 SF |
| Condo Use | Office/Medical |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| This first-level office condo offers a fully leased investment opportunity, secured by a reputable medical tenant under a long-term agreement. Featuring a modern fit-out and professional layout, the space is designed to accommodate high-quality healthcare services. Positioned in a prime location with excellent accessibility and proximity to key amenities, this property provides stable income and strong tenant covenant, making it an ideal addition to any investment portfolio.</li></ul> | |
| Sale Notes | |
| CBRE presents a premium medical investment opportunity with Myhealth Engadine, a fully leased medical center located in the heart of Southern Sydney. The property is secured by a 10-year lease to June 2032, with two additional five-year options extending to 2042, providing long-term income stability. The tenant, Myhealth, is a leading primary care and GP-led medical provider operating 106 locations across NSW, VIC, and QLD, and is 90% owned by ASX-listed Medibank (ASX: MPL), Australia’s largest private health insurer with a market capitalization of approximately $12 billion.<br> The lease includes annual rent reviews indexed to CPI plus 2%, ensuring strong rental growth over time. The 432 sqm medical practice underwent a $100,000 refurbishment in 2022, presenting in immaculate condition. Positioned in a high-demand GP catchment that attracts over 111,000 visits annually within a 3 km radius, the property benefits from strong healthcare demand fundamentals.<br> Located just 33 km from Sydney CBD, Engadine is a thriving Southern Sydney metro hub with significant population growth and robust economic activity. The property enjoys a central position near major retailers including ALDI, Woolworths, and Coles, all within 300 meters, enhancing accessibility and visibility. With a net income of approximately $142,033 per annum plus GST, this asset offers a secure, long-term investment backed by a blue-chip healthcare covenant.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 6,803 SF | Floors | 2 |
| Property Type | Office (Condo) | Typical Floor Size | 3,401 SF |
| Building Class | C |
| Total Building Size | 6,803 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 3,401 SF |
Contacts
-
Luke Easton -
Yosh Mendis -
Sam Mercuri -
Burgess Rawson Sydney
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
30 Station St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.