 Asset Class: | Medical |
 Price: | $ 12432000 |
 Net Yield: | 7.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
This property offers an exceptional investment opportunity, featuring a diverse tenant mix and a strong Weighted Average Lease Expiry (WALE) of 6.3 years. Situated within the Yarrabilba Priority Development Area (PDA), The precinct enjoys excellent connectivity to major transportation routes and proximity to other essential services, enhancing its appeal and accessibility for the growing local population.<br><br>The property boasts an established healthcare provider as its anchor tenant, MyHealth Medical Centre (74% of NLA) *, one of the largest medical centre operators in Australia. MyHealth, along with a complementary mix of café, take-away restaurant, and office accommodations, underpins the asset’s defensive income stream and long-term viability.<br><br>Completed in 2017, the facility offers a total net lettable area (NLA) of approximately 1,081 sqm, complemented by 36 on-site car parking spaces. The modern, purpose-built nature of this asset, combined with its location in a high-growth area and diverse tenant mix positions it as an attractive opportunity in the sought-after healthcare real estate market.<br><br><span style="color:rgb(51, 51, 51);">This investment offers investors the opportunity to secure a well presented and strong performing asset with a long WALE of 6.5 years. Don't miss the chance to capitalise on this </span><span style="color:rgb(51, 51, 51);"><b>trophy investment opportunity with a higher yield </b></span><span style="color:rgb(51, 51, 51);">set to provide its investor a net income of circa $870,263.</span><br><br>
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Yarrabilba is a rapidly growing suburb, strategically positioned between the Gold Coast and Brisbane, offering easy access to these two major cities. Approximately 40kms from Brisbane's CBD and 45kms from Surfers Paradise on the Gold Coast, Yarrabilba offers the best of both urban and coastal lifestyles. The suburb boasts a range of amenities including schools, parks, shopping centres, and healthcare facilities. With its modern infrastructure, community-centric design, and ongoing development projects, Yarrabilba is an upcoming location for families and professionals seeking a balanced and vibrant suburban lifestyle. There are several developments aimed to support Yarrabilba’s rapid growth and accommodate to its expanding population.<br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Infrastructure: The QLD Government, Logan City Council, and key developers have committed to a $1.2 billion infrastructure agreement for the Yarrabilba region that will fund essential infrastructure over the next 45 years. The first 6 years alone will see up to $400 million invested, supporting over 130 construction jobs annually. Source</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Education: Yarrabilba is gaining new educational infrastructure with two primary schools, a state high school, and an independent school planned or recently opened.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Commercial & Retail Expansion: The Yarrabilba Town Centre is a focal point of the region’s development, with a new shopping precinct featuring major retailers like Coles and McDonald's, creating nearly 190 jobs and a $30 million investment from Coles.</span></p></li></ul><br><br><b>Queensland Growth</b><br><br>Queensland’s $500 billion economy has been supported by continued, strong population growth and a resource boom over the past two decades, exceeding the national average and placing the state in a strong position to exceed growth expectations. In the 12 months leading up to April 2024, QLD has seen a 2.2% growth rate in its retail trade during, resulting in an increase of $137 million in trade turnover. QLD achieved the third-highest population growth rate of 2.6% during the 12 months leading up to June 2023. Regarding employment, for the year ending in April 2024, the QLD growth rate rose again by a further 3.96%, employing over 111,000 individuals.
Additional Location Information File<b>MyHealth: </b><br>Website: <a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.myhealth.net.au/"><u>Myhealth - Home</u></a><span style="font-weight:normal;"></span><br><br><span style="color:rgb(51, 51, 51);">One of the largest </span><span style="color:rgb(51, 51, 51);"><b>medical centre</b></span><span style="color:rgb(51, 51, 51);"> operators in Australia, 108 medical centres, 583,824 consultations this year and 1,138 practioners </span><br><br><span style="color:rgb(0, 29, 53);"><b>Max and Bell Pty Ltd Trading as The Epic Pantry: </b></span><br><span style="color:rgb(0, 29, 53);"><b>Website: </b></span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.facebook.com/TheEpicPantryCafe/"><u>https://www.facebook.com/TheEpicPantryCafe/</u></a><span style="font-weight:normal;"></span><br><br><b>Javdar Pty Ltd </b><span style="color:rgb(0, 29, 53);"><b>Trading as </b></span><span style="color:rgb(0, 0, 0);"><b>Income Tax Professionals Yarrabilba:</b></span><br><span style="color:rgb(0, 29, 53);"><b>Website: </b></span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.itpqld.com/book-appointment/yarrabilba"><u>Yarrabilba | ITP Queensland | Powerful, Precise, Professional | The Income Tax Professionals</u></a><span style="font-weight:normal;"></span><br><br><span style="color:rgb(25, 25, 25);"><b>RP SquareTrading as That Wrap Place:</b></span><br><span style="color:rgb(25, 25, 25);"><b>Website: </b></span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.facebook.com/thatwrapplaceau/"><u>https://www.facebook.com/thatwrapplaceau/</u></a><span style="font-weight:normal;"></span>
Initial Term:
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Security Info:
Please refer the attached file
Additional Financial Information FileInitial Term:
Security:
Security Info:
Please refer to "Additional Information File"
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<b>● Strong Anchor Tenant Covenant</b>:<span style="color:rgb(118, 118, 118);"><b> </b></span><span style="color:rgb(51, 51, 51);">ANA Ventures (operating as MyHealth Medical Centre), is now one of the largest </span><span style="color:rgb(51, 51, 51);"><b>medical centre</b></span><span style="color:rgb(51, 51, 51);"> operators in Australia, with clinics in NSW, QLD & VIC servicing more than 3 million patients yearly</span><br>● <b> Location:</b> Testament to the profile and strength of this tenancy and the location, this property is surrounded by several high-profile national tenants such as Coles, Snap Fitness, Dominos Pizza, TerryWhite Chemmart, Ampol and Briggestone Tyres. The Yarrabilba Priority Development Area (PDA) is a significant urban development project located within Logan City, 20 kilometres south of Logan Central in Queensland. Covering 2,222 hectares, the PDA is situated between the Plunkett Conservation Park to the east, Waterford Tamborine Road to the west, and Plunkett Road to the south. Declared on 8 October 2010, the Yarrabilba PDA is projected to provide up to 20,000 dwellings to house a population of up to 50,000 people when fully developed. The development is expected to reach completion over a 20–30-year period, highlighting its long-term significance for regional growth and planning.<br><span style="color:rgb(51, 51, 51);"><b>● </b></span><b> Strong Healthcare Market Fundamentals: </b>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.<br>● Plays a pivotal role in serving the basic needs of the local community, providing essential services<br><span style="color:rgb(51, 51, 51);">● </span>Its prominently on the bustling main strip of the suburban, ensuring enjoys prime visibility and exposure<br><span style="color:rgb(51, 51, 51);">● </span>Strategically positioned to benefit from the projected growth and increased foot traffic anticipated from the adjacent planned major development<br><span style="color:rgb(51, 51, 51);">● Land Area of 2,566 m2 and NLA of 1,081 m2</span><br><span style="color:rgb(51, 51, 51);">● 36 car parking spaces </span><br><span style="color:rgb(51, 51, 51);">● </span><span style="color:rgb(51, 51, 51);"><b>Long WALE of 6.3 years</b></span><br><span style="color:rgb(51, 51, 51);">● </span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Dental Clinic and TerryWhite Chemmart as sub-leases from the anchor tenant - Less management for the incoming owner </span>
