Centrelink Medicare 87-89 Blackwall Rd 5,640 SF Office Building Woy Woy, NSW 2256 $2,815,193 ($499.15/SF)

Offered for sale at $3,890,000, this property provides an exceptional opportunity to acquire a secure, government-leased investment in a high-growth regional location. The tenancy is occupied by Centrelink/Medicare until 2029, delivering essential services to the community, with a recently renewed lease extending to 2029 and options through to 2035.
The property generates a gross income of $238,998.53 + GST and offers valuable depreciation benefits, with the building constructed in 2008. Located in Woy Woy, a popular retirement and lifestyle destination on the Central Coast, the property is well-positioned to benefit from strong population growth and economic expansion.
In addition to its secure income stream, the property offers long-term redevelopment potential (STCA), making it an attractive proposition for investors seeking both stability and future upside.