275 Addison RoadPetersham NSW 2049
Property Details for 275 Addison Rd, Petersham
Last Listing description (September 2023)
JLL are proud to exclusively present for sale Royal Rehab Private Petersham, a three-storey purpose fitted rehabilitation hospital underpinned by Royal Rehab, Australia's leading provider of rehabilitation and disability services.
- Conveniently located only 6-kilometres south west from the Sydney CBD, offering significant benefits including access to amenity and public transport.
- Long term 15-year lease term offering substantial income security, underpinned by a market leading operator providing core healthcare services.
- Boasting a large land area of 1,676m with favourable R1 - General Residential zoning under the Inner West Council town plan, Royal Rehab Petersham benefits from a prominent location on a high exposure corner site with dual street access.
- Royal Rehab has been in operation for over 120-years and has become Australia's leading provider of rehabilitation and disability services.
- Favourable future rental growth through greater of 2.50% or CPI annual reviews, in addition to market reviews at the 5th anniversary of the commencement date (2024) and upon commencement of a further term.
- A major, non-cyclical asset class with institutional appeal, underpinned by defensive income streams and non-discretionary spending.
- Net operating income of $502,938 per annum + GST.
A 100% freehold interest in Royal Rehab Petersham Private is being offered via Expressions of Interest closing Thursday 12th October 2023 at 2:00pm (AEDT).
Property History for 275 Addison Rd, Petersham, NSW 2049
- 11 Oct 2024Sold for $7,650,000
- 20 Sep 2023Listed for Sale Contact Exclusive Selling Agents
- 24 Aug 2021Sold for $8,450,000
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About Petersham 2049
The size of Petersham is approximately 1.3 square kilometres. There are 6 parks, covering nearly 5.5% of the total area. The population of Petersham in 2016 was 8116 people. By 2021 the population was 8200 showing a population growth of 1.0% in the area during that time. The predominant age group in Petersham is 30-39 years. Households in Petersham are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Petersham work in a professional occupation.In 2021, 47.70% of the homes in Petersham were owner-occupied compared with 47.30% in 2016.
Petersham has 5,106 properties. Over the last 5 years, Houses in Petersham have seen a 25.43% increase in median value, while Units have seen a 23.20% increase. As at 30 April 2026:
- The median value for Houses in Petersham is $2,242,156 while the median value for Units is $919,065.
- Houses have a median rent of $980 while Units have a median rent of $650.
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