Burgess Rawson from CBRE is pleased to offer to the market 53 Palmerston Road, Hornsby (Sydney) NSW, a prime freehold medical investment, directly adjacent the Hornsby Hospital, for sale via Investment Portfolio Auction 180.

The property has the following key investment highlights:

+ New 10-year net lease to 2034 with two (2) further five (5) year options to 2044
+ PRP Diagnostic Imaging: leading diagnostic imaging provider with 32 locations and growing, servicing 1 million+ patients annually, owned by IFM Investors & UniSuper with a combined $381 billion¹ Assets Under Management
+ Well-presented imaging facility in core medical precinct, surrounded by complementary health and service-based operators
+ Valuable SP2 Infrastructure zoning (Health Services Facilities)
+ Premium tenant funded MRI, CT, X-ray and radiology fit-out, reflecting substantial tenant capital investment
+ Landlord friendly net lease with tenant paying all outgoings as per lease, including council rates, water rates, insurance, land tax and management fees
+ Compounding fixed 4% annual rent increases ensuring long term rental growth
+ Strategically positioned imaging facility boasting 17m* street frontage to Hornsby Hospital with significant basement parking for patients and staff
+ Directly adjacent the recently redeveloped $386m+ Hornsby Ku-ring-gai Hospital
+ Hornsby: Upper North Shore suburb of Sydney with population of 154,834 set to grow 20% to 185,287 by 2046² and a Gross Regional Product of $9 billion²
+ Net Income: $516,672 pa* + GST

To be sold via Investment Portfolio Auction 10:30am (AEDT) Tuesday 21 October 2025, Yallamundi Rooms, Sydney Opera House

+ PRP Gordon (Sydney), NSW
+ PRP Adamstown (Newcastle), NSW
+ PRP Erina (Central Coast), NSW

Please contact the exclusively appointed agents for further information.

*Approximate
1 IFM & UniSuper
2 profile.id