 Asset Class: | Medical |
 Price: | $ 19300000 |
 Net Yield: | 7.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<span style="color:rgb(0, 0, 0);">This property represents an exceptional buying opportunity. Most metro-based multi-tenanted medical assets in major cities are selling in the 5% to 6% net yield range, whereas this property is more than 7%* net yield on a fully leased basis.</span><br><br><span style="color:rgb(0, 0, 0);">Furthermore, there are a number of potential value-add opportunities that have the potential to add significant value to the property, such as extending the Queensland X-Ray lease (They have spent significant amount in their fit-outs), adding solar to the roof, cosmetic facade upgrades, a few 3, 3.5 and 4% rental reviews and others.</span><br><br><span style="color:rgb(25, 25, 25);">We anticipate the healthcare sector to remain relatively immune to the broader economic pressures that are occurring within the market, this is primarily due to the essential services and stable income profiles of the healthcare providers.</span><br><br><span style="color:rgb(25, 25, 25);">This is a rare off market medical opportunity set to provide its investor a net income of circa $1,366,065* per year with future uplift. </span>We look forward to securing this opportunity for you.<br><br><b><u>Why this is a Great Investment: </u></b><br><br><ul style='list-style-type:ulDiamond;list-style-image:url("data:image/svg+xml,%3Csvg xmlns=%22http://www.w3.org/2000/svg%22 width = %2212px%22 height = %2212px%22%3E%3Cpath d = %22M405.4,52.8c-0.1-0.1-0.2-0.2-0.2-0.4s0.1-0.3,0.2-0.4l5-5c0.1-0.1,0.2-0.2,0.4-0.2s0.3,0.1,0.4,0.2l5,5 c0.1,0.1,0.2,0.2,0.2,0.4c0,0.1-0.1,0.3-0.2,0.4l-5,5c-0.1,0.1-0.2,0.2-0.4,0.2s-0.3-0.1-0.4-0.2L405.4,52.8z%22 style=%22fill:rgb(51%2C51%2C51)%3Btransform:translate(-405px,-46px)%3B%22/%3E%3C/svg%3E");list-style-position:inside;padding-inline-start:20px;'><li style="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;">An exceptional buying opportunity. Most metro-based multi-tenanted medical assets in major cities are selling in the 5% to 6% net yield range, whereas this property is more than 7%* net yield on a fully leased basis</span></p></li><li style="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;">Located in highly sought-after location - Just 5.8 Kms from the Brisbane CBD</span></p></li><li style="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;">WALE of 3.7-years providing long-term income security</span></p></li><li style="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;">Strong mix of national and long-standing local tenants providing a thriving healthcare ecosystem</span></p></li><li style="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;">Multiple Potential value-add opportunities to add significant value to the property, such as extending the Queensland X-Ray lease (They have spent significant amount in their fit-outs), adding solar to the roof, cosmetic facade upgrades, a few 3, 3.5 and 4% rental reviews, developement potential for residential or more commercial units and others. This would increase the net yield much higher than current 7% net yield</span></p></li></ul>
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Coorparoo is a highly sought-after inner city suburb that offers the perfect blend of convenience and lifestyle, with its busy shopping district and quiet tree lined streets.<br><br>Coorparoo is an older, well-loved Brisbane suburb that is experiencing steady population growth. The suburb has seen significant growth in recent years, driven by both renovation projects and new constructions that offer residents high-quality living options, no matter their budget.
Additional Location Information File<span style="color:rgb(0, 29, 53);"><b><u>Queensland X-Ray - Coorparoo</u></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.qldxray.com.au/locations/coorparoo?utm_source=google&utm_medium=gmb&utm_campaign=seo"><u>Coorparoo | Queensland X-Ray | Queensland X-Ray</u></a><span style="margin-inline-start:36pt;"></span><br><br>Our Coorparoo practice is located along Old Cleveland Road, next door to the pharmacy and opposite Coorparoo State School. Our team are enjoying a newly refurbished practice, with state-of-the-art equipment including EOS (standing x-ray) imaging machines and a brand-new Hologic Bone Mineral Density (BMD) scanner.<br><br><span style="color:rgb(0, 29, 53);"><b><u>TerryWhite Chemmart Coorparoo</u></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://terrywhitechemmart.com.au/stores/terrywhite-chemmart-coorparoo?utm_source=google&utm_medium=organic&utm_campaign=Google%20My%20Business&utm_content=TerryWhite%20Chemmart%20Coorparoo%20-%20Coorparoo&utm_term=plcid_5609205218832525820"><u>TerryWhite Chemmart Coorparoo | Chemist Near Me</u></a><span style="font-weight:normal;"></span><br><br><span style="color:rgba(0, 0, 0, 0.87);background-color:rgb(250, 250, 250);">TerryWhite Chemmart is the leading retail pharmacy in Coorparoo. We are committed to delivering high quality, accessible and cost-effective pharmacy solutions and services across more than 600 pharmacies in Australia. </span><br><br><span style="color:rgba(0, 0, 0, 0.87);background-color:rgb(250, 250, 250);"><b><u>Coorparoo Clinic</u></b></span><br><span style="color:rgba(0, 0, 0, 0.87);background-color:rgb(250, 250, 250);"><b>Website: </b></span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://coorparooclinic.com.au/"><u>Coorparoo Clinic | Family Doctors</u></a><span></span><br><br>Coorparoo Clinic has been delivering quality service for over 15 years, offering easy parking, personal touch and focussing on maintaining a high standard of personal care and clinical patient outcome.<br><br><b><u>Coorparoo Family Dental </u></b><br><b>Website:</b> <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://coorparoodental.com.au/"><u>Coorparoo Family Dental - Brisbane Dentist</u></a><span></span><br><br>Providing comprehensive quality care in a relaxed atmosphere, we look forward to caring for you and your family. Established in 1950, we are one of Brisbane’s longest serving dental practices. We are located opposite the new Coorparoo Square Development, on the corner of Old Cleveland and Cavendish Roads, only 5km’s from the Brisbane city centre.<br><br><span style="color:rgb(0, 29, 53);"><b><u>Little Viet Cafe</u></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="http://littlevietcafe.com.au/"><u>littlevietcafe.com.au</u></a><span style="font-weight:normal;"></span><br><br>We are very happy & proud to introduce Vietnamese food & coffee with Coorparoo community. <br><br><br>
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Security Info:
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Additional Financial Information FileInitial Term:
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<b>Assest Summary</b><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;">Two single-level medical centres and 42 parking bays, offering convenient location for healthcare providers and patients</span></p></li><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;">The two sites offer a range of healthcare services in one easily accessible location. Located at 332 Old Cleveland Road is a Chemist, Podiatrist, Pathology Lab and a Comprehensive Medical Centre. Adjacent to it, at 342 Old Cleveland Road is a Retail Tenancy, Dentist's Office and an Imaging Facility</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Total of 2,496 m2 of site area just less than 6 Kms from the CBD</span></p></li></ul><br><p style="margin-inline-start:0px;"><b>Tenancy Overview</b></p><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;">This fully occupied asset is anchored by Queensland X-Ray, the leading private radiology group in Queensland. The tenancy at the asset is equipped with cutting-edge equipment, such as state-of-the-art EOS (standing x-ray) imaging machines and a recently installed hologic bone density scanner</span></p></li><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;">In addition, the facility boasts a diverse tenant mix that includes reputable businesses such as Terry White Chemist, a trusted podiatrist and a dedicated dentist, among other esteemed healthcare providers</span></p></li></ul><br><p style="margin-inline-start:0px;"><b>Investment Rationale</b></p><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;">Located on a major arterial motorway providing both substantial visibility and accessibility</span></p></li><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;">Underpinned by a diverse mix of high-quality tenant ensuing secure cash flows</span></p></li></ul>
