40 Middle Street Murrumbateman, NSW, 2582

Modern Commercial Property Opportunity –Leaseback Agreement - Immediate RoI

Commercial buildings are difficult to find in the Murrumbateman and across the Yass Valley region, particularly with an income producing tenant in place.

Located on a predominant 1,273m2 corner block in Murrumbateman's Fairley development, this high profile property consists of a modern 198.31m2 modern commercial building, with dedicated client parking spaces, set in attractive easy care gardens.

The 12 room building currently houses a successful dental health centre that is well patronised by the Murrumbateman, Yass, Canberra and broader communities, but could be use-adjusted to other health industry activities such as a general practitioner surgery, specialist rooms, mental health facilities, or physiotherapy, with relevant council business activity approvals.

Alternatively, under the property's flexibly tiered RU5 (village) zoning, there's a vast number of applications the property could be used for, both with, and without council consent.

Yes, 40 Middle Street's commercial flexibility factor is impressive

Upon sale settlement, Yass Valley Dental will continue to operate from the property under a leaseback arrangement, effectively providing the successful buyer with and immediate return on investment.

Expertly designed, the building's current commercial fit out configuration spans a welcoming 30.49m2 client reception area with fixed arrival desk and client WC, 4 surgery rooms, with the fixed cabinetry in each room remaining as an inclusion to this sale, x-ray room, client consultation room, 16.32m2 staff amenities room with adjacent WC, and other usage-interpretive spaces that would fulfill many general purposes.

The building's internal fit out décor reflects an ideal use of a modern neutral colour palette, durable easily cleaned flooring materials, and privacy sensitive, frosted glass partitioning walls to permit maximum light transference.

Importantly, the building's current footprint could be significantly extended towards the Middle Street frontage, adding greatly to property's commercial utility and income potential.

Business catchment wise, Murrumbateman is a rapidly progressing area with a district population base of 4,394 over 1500 mailboxes that's hoped to reach town size within the next 10 years.

This occurring and forecast growth is underpinned by the rural recreation small acreage and residential land sub-divisions, an expanding array of local services and two recent major infrastructure upgrades that included the partial duplication of the Barton Highway to Canberra and the opening of the Murrumbateman Primary School.

Yes, it's an energetic and prosperous place to live, with its demographic profile consisting of professional families and Canberra commuters.

52% of the population is within the high income bracket.

But many retirees are now discovering the benefits of living in the country and having the required services either down the street, in nearby Canberra or in Yass which is a 14 minute drive away.

Yass is also enjoying many substantial demographic and future-era changes. With 34.8% of its current town and district population of 8,021 being in the high income backet, the future for Yass is very positive.

Lifestyle wise, Murrumbateman is notably placed on the tourism map due to its world class cellar door outlets and restaurants.

Essentially, if you're an investor, this superbly completed and located property could be the perfect addition to your current property portfolio.

Please contact the listing agent for a contract and additional information.

Summary

Property description: 40 Middle Street, is in the Fairly development, which is a seamless commercial & residential extension of the original Murrumbateman village precinct, 200m from the Barton Highway, 25 minutes to Canberra, & 14 minutes from Yass township

The property consists of a modern & attractive building, set in easy care gardens with 13 vehicle parking spaces. The building was scoped to house a world class dental surgery, with Yass Valley Dental successfully & continuously occupying the property since its opening in 2019, Yass Valley Dental is a highly regarded & strongly supported local business with a client catchment area that includes Murrumbateman, Canberra & Yass

Basis of Property Sale: private treaty sale process with unconditional 66W exchange of contracts, followed by 42 day settlement period. In addition to the contract exchange & contract settlement items listed within the draft contract, Yass Valley Dental will lease back the property from the successful buyer, via a commercial lease, commencing immediately upon contract settlement, with, a yet to be determined lease expiry date. Upon lease termination all contract-listed dental equipment will be removed from the building, ending its dental surgery purpose

Property Technical Specifications

· Building: 2019, 10.88 covered client arrival awning,187.24m2, of internal area, total area under roof: 198.12m2/21.3sq – approx. – with the ability to be significantly extended

· Building, room configuration:

× 30.49m2 client reception area with double staff member reception counter, client WC & refresh nook

× 4 x 13.83m2 surgery rooms with built-in cabinets/sinks

× 5 varied sized rooms for x-ray, mixing, client consultation & storage

× 2 WC

× 16.32m2 staff amenities room with adjacent WC

· Climate control: Mitsubishi ducted reverse cycle air-conditioning

· Parking: off street front of building for 13 vehicles, including 1 disabled space

· Water supply: Murrumbateman village main water supply, plus 3 above ground rainwater tanks

· Hot water supply: gas

· Gardens: well mulched easy care

· Sewerage: connected to Murrumbateman sewer system

· Block:1,273m2, elevated corner block

· Zoning & Rates: Yass Valley Council, Ru5 (village), $5,973.34pa