The Smile Office, 394 Sydney Road, Balgowlah, NSW 2093

CBRE is pleased to offer to the market 394 Sydney Road, Balgowlah (Manly) NSW, a trophy Sydney dental and healthcare freehold anchored by The Smile Office and Beachside Orthodontics, for sale by Investment Portfolio Auction.

The property has the following key investment highlights:

+ Multi-faceted freehold dental centre underpinned by a long 7.3-year WALE (by income)
+ Anchored by brand-new 10 year net lease the Smile Office to December 2035 with 2 further 5 year options to 2045 (30+ years on-site)
+ The Smile Office: established dental centre owned by Health Crest, longstanding 30+ year occupancy
+ 8 year lease to Beachside Orthodontics to 2030 plus 4 years option to 2034 (20+ years on-site)
+ Beachside Orthodontics: high performing orthodontist practice with 14 staff & a premium dental-grade fit-out
+ Highly defensive net leases with tenants responsible for 100% of outgoings including Land Tax
+ Guaranteed compounding rental growth with annual reviews to the greater of 4% or CPI
+ Significant tenant capital expenditure and investment with premium dental-grade fit-outs across both levels
+ Key 460sqm* Sydney Road landholding with a prominent 15m* street frontage
+ Strategically located adjacent to the Coles-anchored Balgowlah Village Shopping Centre, complemented by Bunnings and the Sydney Road Medical Practice
+ Balgowlah: tightly held and affluent Northern Beaches location, 4 minutes to Manly Beach with a median house price of $3.7m*, while 10km* to Sydney CBD
+ Northern Beaches Council: population of 272,656, Gross Regional Product of $22.61 billion and Healthcare as the largest employing sector
+ Net Income: $377,497 pa* + GST

To be sold by Investment Portfolio Auction 10:30am (AEST) Tuesday 23 June 2026, Yallamundi Rooms, Sydney Opera House.

*Approximate