 Asset Class: | Medical |
 Price: | $ 7200000 |
 Net Yield: | 6.85 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
Presenting a strong performing medical investment opportunity in <span style="color:rgb(31, 31, 31);">205 Spencer St, South Bunbury WA 6230</span>. This is the premium medical property strategically located in one of Western Australia’s fastest-growing cities with strong exposure to Spencer Street, a main thoroughfare within the area which carries a high volume of vehicular traffic.<br>The property is anchor tenanted by the IPN group who has over 200 medical centres around Australia. This asset has a land holding of 3,224 m2 and a total of 1,157 m2 of net lettable area. <br>This investment offers investors the opportunity to secure a well presented and strong performing asset with a long WALE of 3.7 years. Don't miss the chance to capitalise on this trophy investment opportunity to purchase a tenanted investment <span style="color:rgb(0, 0, 0);">set to provide its investor a net income of circa $493,454.</span><br>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
The City of Bunbury is located approximately 175 kilometres south of the Perth CBD. It is home to around 46,800 residents within the city limits, with an estimated further 50,000 in the greater Bunbury region and by 2041, the population is forecast to reach 150,000. The City encompasses 111 square kilometres, stretching from the Leschenault Estuary in the north to the Capel River channel in the south.<br><br>Considered the economic regional hub of the south-west, Bunbury hosts the Port of Bunbury, Western Australia's third largest port. This port is central to the city’s economy, facilitating the export of commodities such as alumina, mineral sands, and woodchips, and serving as a vital link in the supply chain for various industries. In addition to its economic significance, Bunbury is a prominent tourist destination, particularly in the summer months, attracting visitors from the Perth Metropolitan region.<br><br>Bunbury's economy is diversified across several sectors. The manufacturing industry is robust, with various factories and production facilities contributing to the local economy. Agriculture also plays a significant role, with the surrounding regions producing dairy, beef, horticultural products, and wine. Retail and service industries are well-developed, supporting the daily needs of the growing population and enhancing the city's commercial landscape.<br><br>The city is currently undergoing a host of infrastructure projects aimed at enhancing the region's development and connectivity. Notable projects include the Bunbury Outer Ring Road project, which will improve transport links and reduce congestion, and the transformation of the Bunbury waterfront, which is set to boost tourism and recreational opportunities. Additionally, investments in health and education infrastructure are supporting the growing community and attracting new residents and businesses to the area. These developments, along with the city's strategic location and economic diversification, are driving Bunbury's growth, making it a vital and dynamic centre in Western Australia.<br>
Additional Location Information File<b>IPN Medical Centres</b><br>Website: <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.ipn.com.au/"><u>Welcome | IPN Medical Centres</u></a><span></span><br><br><span style="color:rgb(0, 0, 0);">IPN is Australia’s largest operator of Medical Centres and provider of quality management services and facilities for Doctors.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Clinipath Pathology</b></span><br><span style="color:rgb(0, 0, 0);">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.clinipathpathology.com.au/our-locations/BU1/Bunbury-Laboratory/"><u>Bunbury-Laboratory | Clinipath Pathology</u></a><span></span>
Initial Term:
Security:
Security Info:
Please see attached
Additional Financial Information FileInitial Term:
Security:
Security Info:
Please refer to additional information file
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
● <b> Tenant Covenant: </b>IPN (Independent Practitioner Network) Medical Centres are the anchor tenant at South Bunbury Medical Centre and one of the largest providers of primary healthcare services in the country. A subsidiary of Sonic Healthcare Group, one of the world's largest pathology and medical diagnostic companies, IPN now comprises over 200 medical centres around Australia.<br>● <b> Location: </b>Strategically located in one of Western Australia’s fastest-growing cities with strong exposure to Spencer Street, a main thoroughfare within the area which carries a high volume of vehicular traffic.<br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Strong Healthcare Market Fundamentals:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Healthcare real estate has experienced significant growth as investors have become increasingly appreciative of the sector’s stable and secure income returns. Offering a defensive income stream with low volatility and minimal correlation to other asset classes, healthcare real estate has become highly attractive in the current market. As a result, healthcare real estate yields have remained comparatively robust, buoyed by the strong demand in the sector.</span></p></li></ul>● Longstanding practice established in 1947 and well-known within the broader area, offering 10 doctors<br><span style="color:rgb(51, 51, 51);">● </span>Purpose-built facility offering fit-for-use design and fit-out, reflected in the high doctor levels.<br>
