The property comprises a two-storey Torrens title building in the centre of the local business precinct. The property is leased to Family Doctor Pty Limited, a prominent medical centre operator with 44 practices across four states. The net lease expires in February 2030, with two further ten year options.
The property has a total site area of 190sqm* with a total net lettable area of 254sqm*, incorporating five consultation rooms, one treatment room, staff break out area and rear lane access for emergency vehicles.
The property is located in the heart of the popular tourist destination, Lemon Tree Passage.
For Sale by Public Auction on Thursday 9 September 2021 at 10:30am.
Auction Venue: 18 Honeysuckle Drive, Newcastle NSW.
*Approximate
The size of Lemon Tree Passage is approximately 3.2 square kilometres. It has 17 parks covering nearly 20.5% of total area. The population of Lemon Tree Passage in 2016 was 2603 people. By 2021 the population was 2686 showing a population growth of 3.2% in the area during that time. The predominant age group in Lemon Tree Passage is 60-69 years. Households in Lemon Tree Passage are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lemon Tree Passage work in a trades occupation.In 2021, 71.10% of the homes in Lemon Tree Passage were owner-occupied compared with 68.90% in 2016.
Lemon Tree Passage has 1,557 properties. Over the last 5 years, Houses in Lemon Tree Passage have seen a 61.71% increase in median value, while Units have seen a 69.85% increase. As at 28 February 2026:
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