 Asset Class: | Medical |
 Price: | $ 10990000 |
 Net Yield: | 7.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
This rare, high-quality healthcare investment is strategically positioned within Bundaberg’s core medical precinct, just moments from both public and private hospitals. The fully leased Margaret Rose Centre is anchored by a new 5-year lease to the QLD Government’s Wide Bay Hospital and Health Service (86.5% of income), supported by long-term tenancies to Wilson Eye Centre and a café. The asset generates an estimated net income of $834,675 per annum, underpinned by attractive annual rental reviews and a WALE of 4.31 years by income.<br><br>Purpose-built to a 9B healthcare classification, the 2,024sqm* facility sits on a 2,023sqm* freehold site with 79 on-site car bays. The building is designed to Queensland Government healthcare specifications, comprising modern consulting suites, treatment rooms and administrative areas. Located on a high-exposure corner site with dual frontages to Bourbong and Hope Streets, the property enjoys excellent connectivity to public transport and surrounding health infrastructure.<br><br>The site benefits from its Medium Density Residential zoning within the Bundaberg West medical/health hub, providing long-term flexibility for a range of approved medical and allied health uses. Bundaberg’s ageing population, high prevalence of long-term health conditions, and increasing reliance on essential services continue to drive demand for healthcare infrastructure. The Margaret Rose Centre represents a secure, recession-resilient investment opportunity in one of Queensland’s fastest-growing regional health markets.
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?
<span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Healthcare workers remain in high demand across the Wide Bay–Burnett region, with Bundaberg serving as a key regional centre in Queensland. The city plays a critical role in delivering services to the broader region and is underpinned by steady population growth, projected to continue at an average annual rate of 0.5% through to 2046. This trajectory reflects the area’s stable socio-economic development.</span><br><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Demographically, the Bundaberg LGA has a significantly higher proportion of residents aged 65 and over—currently more than 26% of the population—compared to 19.3% across the rest of Queensland (GCCSA). This ageing population underpins a heightened reliance on healthcare services and substantiates strong demand for medical facilities in the region.</span><br><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">The Bundaberg LGA also exhibits above-average levels of long-term health conditions relative to the broader state. Conditions such as arthritis (14.7% vs 9.7%), asthma (9.8% vs 8.1%), and diabetes (6.7% vs 4.6%) are all more prevalent locally. Overall, 50.4% of the Bundaberg population reports one or more long-term health conditions, compared to 44.1% across the rest of Queensland—a difference of 640 basis points.</span><br><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Reflecting this demand, the healthcare and social assistance sector is the largest employer in the region, accounting for 19.3% of local employment—390 basis points higher than the rest of Queensland. This strong industry footprint highlights Bundaberg’s dependence on healthcare services, with ongoing demographic and health trends driving long-term workforce growth and sustained investment in medical infrastructure.</span>
Additional Location Information File<b>Tenant Profiles</b><br><br><b>QLD Government – Wide Bay Hospital and Health Service (WBHHS)</b><br><br>WBHHS is the leading public healthcare provider in the Bundaberg region, delivering medical services across hospitals, specialist clinics, and community health facilities. With a strong focus on patient-centred care and operational excellence, WBHHS supports the growing population’s healthcare needs and plays a critical role in the region’s medical infrastructure. The service underpins 86.5% of the asset’s income and significantly enhances its investment appeal through a secure, government-backed lease covenant.<br><br><b>Wilson Eye Centre</b><br><br>Wilson Eye Centre is a well-established provider of specialist ophthalmic services, operating in Bundaberg for over 20 years. Led by Dr. Lee Lenton, the clinic offers treatments including cataract and laser eye surgery, glaucoma management, and macular degeneration care. The practice is known for its high standard of patient care, advanced medical technology, and strong referral networks. Wilson Eye occupies 202m² (10.4% of the NLA), contributing further stability and quality to the tenancy profile.<br><br><b>Coffee on Bourbong</b><br><br>Complementing the medical offering, Coffee on Bourbong is a locally operated café servicing tenants, patients, and visitors. The café occupies 44m² (3.0% of the NLA), enhancing tenant amenity and contributing to the building’s functionality as a fully integrated healthcare facility.
Initial Term:
Security:
Security Info:
Awaiting comparisons from Cushman & Wakefield
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<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);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Fully leased, high-quality medical investment</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Anchored by QLD Government (Wide Bay Hospital and Health Service) – 86.5% of income</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Supported by Wilson Eye Centre and on-site café</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Estimated net income of $834,675 p.a.*</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">WALE of 4.31 years* by income</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Medical net rental rates <$400/sqm </span></p></li><li style="list-style-image:none;color:rgb(34, 34, 34);font-style:normal;"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Purpose-built 2,024sqm* healthcare facility</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Constructed to 9B classification with healthcare-grade fitout</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">79 on-site basement car parks</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Located in Bundaberg’s core medical precinct</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Prime corner site – 41m* frontage to Bourbong Street, 51m* to Hope Street</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">2,023sqm* freehold landholding</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Modern medical suites, consulting rooms, and treatment areas</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">High exposure location with strong pedestrian and vehicle traffic</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Walking distance to Bundaberg Public & Private Hospitals</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Zoned Medium Density Residential – MDRZ1 (Bundaberg West medical/health hub)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Significant ageing population – 26% aged 65+</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">High rates of chronic health conditions support ongoing medical demand</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Healthcare & social assistance = 19.3% of local employment</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Strategic regional centre servicing Wide Bay–Burnett region</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Contracts subject to finance & due diligence</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Inspection available upon request</span></p></li></ul>
