 Asset Class: | Medical |
 Price: | $ 3600000 |
 Net Yield: | 5.85 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This premium medical asset, located in the rapidly growing Moreton Bay Region, offers a strong investment opportunity with a net yield of 5.85% and a potential equity uplift of approximately $600,000 or yield increase to 6.8% net. Spanning a net lettable area of 829sqm, the property is dual-tenanted by the Institute for Urban Indigenous Health (IUIH) occupying 693sqm and Allied Health (AH) utilizing 136sqm. The property is ideally positioned just 40 minutes from Brisbane CBD, benefiting from the region’s projected population growth of over 50%, increasing from the current 510,000 to an estimated 690,000 by 2041.<br><br>Fully refurbished in 2017 with an investment exceeding $1.3 million, the property remains in excellent condition. Further demonstrating their commitment to the space, IUIH requested a $50,000 refresh of the downstairs bathrooms in 2024 and opted to secure their lease early, leading to a new registered lease extending to May 2029. With a solid 4.5-year WALE and long-term leases secured until 2029, this asset provides both stability and future growth potential. The versatile layout, featuring 16 consulting rooms, dual lunch rooms, offices, two kitchens, reception areas, and multiple medically equipped bathrooms, adds to the property’s flexibility. Additionally, both tenancies are backed by government support, further enhancing the investment’s security in a region where public health spending is on the rise.
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Margate is a vibrant coastal suburb located on the Redcliffe Peninsula, about 26 km north of Brisbane. Known for its stunning beachfront and laid-back atmosphere, Margate attracts a blend of families, retirees, and professionals seeking a seaside lifestyle. The suburb boasts a growing café culture, boutique shops, and recreational facilities, with the Margate Beach foreshore offering picturesque walking paths and ocean views.<br><br>The population has been steadily increasing, reflecting the area’s desirability and ongoing residential developments. Margate benefits from a robust local economy, with strong retail, hospitality, and healthcare sectors. The commercial property market remains solid, supported by consistent demand and low vacancy rates, particularly along key thoroughfares like Oxley Avenue and Margate Parade.<br><br>Margate’s strategic location near both Brisbane and the Sunshine Coast adds to its appeal, with excellent transport links and proximity to major employment hubs. Queensland’s thriving economy and continued infrastructure investment further reinforce Margate’s position as a secure and high-potential location for commercial investment.
Additional Location Information File<span style="color:rgb(51, 51, 51);"><b>Allied Health - North Brisbane:</b></span><br><br><span style="color:rgb(51, 51, 51);"><b>Allied health professionals</b></span><span style="color:rgb(51, 51, 51);"> are university-qualified practitioners distinct from the medical, dental, and nursing professions. They possess specialized expertise in preventing, diagnosing, and treating a variety of conditions and illnesses. These professionals often collaborate within multidisciplinary health teams to provide tailored support for diverse patient needs. In Australia, allied health represents the second-largest health workforce, encompassing over 300,000 professionals.</span><br><br><span style="color:rgb(51, 51, 51);">To be recognized as an allied health profession, several criteria are typically met: a direct patient care role with potential broader public health implications; a national professional organization upholding a code of ethics and clear membership requirements; completion of university health sciences courses at AQF Level 7 or higher, accredited by relevant national bodies; clearly defined national entry-level competency standards and assessment procedures; a well-defined core scope of practice; robust regulatory mechanisms; and adherence to evidence-based practices.</span><br><br><br><span style="color:rgb(51, 51, 51);"><b>Institute of Urban Indigenous Health:</b></span><br><br><span style="color:rgb(51, 51, 51);">The </span><span style="color:rgb(51, 51, 51);"><b>Institute for Urban Indigenous Health (IUIH)</b></span><span style="color:rgb(51, 51, 51);"> is a Community Controlled Health Service (CCHS) established to lead the planning, development, and delivery of health, family wellbeing, and social support services for the Aboriginal and Torres Strait Islander population in South East Queensland. Collaborating with its member CCHSs, IUIH aims to enhance the health, wellbeing, and economic independence of Indigenous communities in the region, which represents the largest and fastest-growing Indigenous population in Australia. </span><br><br><span style="color:rgb(51, 51, 51);">To address the complexities and fragmentation within the health system, IUIH has developed the 'IUIH System of Care.' This integrated approach co-locates a range of health and social support services, ensuring that entry through any part of the system provides access to the full spectrum of available programs and services. This 'no wrong door' philosophy ensures comprehensive and culturally appropriate care for Indigenous Australians in urban settings.</span>
Initial Term:
Security:
$40,000+
Security Info:
$40,000+
<b>Instituted for Urban Indigenous Health</b> - lease details<br><br><span style="color:rgb(51, 51, 51);">Start date: 1/6/2024</span><br><span style="color:rgb(51, 51, 51);">Expiry date: 31/10/2029</span><br><span style="color:rgb(51, 51, 51);">Option: 2 x 3 years</span><br><span style="color:rgb(51, 51, 51);">Annual Increase: CPI (Minimum 4%)</span><br><span style="color:rgb(51, 51, 51);">Security: $35,303.50</span><br><br><b>Allied Health</b> - lease details<br><br>Start date: 1/5/2024<br>Expiry date: 30/4/2029<br>Option: 1 x 5 years<br>Annual Increase: Greater of CPI or 4%<br>Security: $7,260<br>
Additional Financial Information FileInitial Term:
Security:
$40,000+
Security Info:
$40,000+
Subject property: 322 Oxley Avenue, Margate - 829sqm - $254/sqm (average across whole site) 8/32 Dixon Street, Strathpine - 271sqm - $383/sqm 49 Old Northern Road, Albany Creek - 955sqm - $564/sqm 481 Gympie Road Strathpine – 163sqm - $400/sqm 2&3/32 Dixon Street Strathpine - 130sqm - $370/sqm
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
Negotiated Price: $3,600,000<br>Net Yield: 5.85%<br>Potential Uplift: $600,000<br><br>Net Lettable Area: 829sqm (IUIH: 693sqm & AH: 136sqm)<br><br>Dual Tenanted (I<span style="color:rgb(51, 51, 51);">nstitute for Urban Indigenous Health - IUIH) (Allied Health - AH)</span><br><br><span style="color:rgb(51, 51, 51);">Rare medical property in Moreton bay Region</span><br><br><span style="color:rgb(51, 51, 51);">40 mins to Brisbane CBD</span><br><br><span style="color:rgb(51, 51, 51);">Moreton Bay Region expected to grow by over 50% until 2041</span><br><br><span style="color:rgb(51, 51, 51);">Current population 510,000 (expected 690,000 by 2041)</span><br><br><span style="color:rgb(51, 51, 51);">The property is in great condition has been fully refurbished in 2017 spending over $1.3 million</span><br><br><span style="color:rgb(51, 51, 51);">In 2024 IUIH asked if they could spend $50,000 freshening up the downstairs bathrooms and could also take up their 01/11/2026 option early. A new Lease was drawn and registered on the same conditions showing commit to the space long term</span><br><br><span style="color:rgb(51, 51, 51);">Institute for Urban Indigenous Health is under rented by circa $50/sqm which could generate a near $600,000 uplift in equity when kept at a 5.85% net yield across their 693sqm space OR an increase of $34,650pa more rent generating a 6.8% net yield</span><br><br><span style="color:rgb(51, 51, 51);">Solid medical yielding property in a huge growth region</span><br><br>Versatile layout which gives future flexibility<br><br><span style="color:rgb(51, 51, 51);">Current fit out: 16 consulting rooms, dual lunch rooms, offices, 2 kitchens, reception areas and multiple bathrooms on separate floors medically equiped</span><br><br>Strong 4.5 year WALE<br><br>Long leases until 2029<br><br>Ideally structured leases for investment purposes with tenants to pay all the outgoings including PM and land tax<br><br>Both medical tenancies backed by Government support in areas where government spending is increasing<br>
