 Asset Class: | Medical |
 Price: | $ 8900000 |
 Net Yield: | 5.20 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>The Karalee Medical Centre represents a premium healthcare investment opportunity in one of Queensland's fastest-growing regions. Built in 2019, this modern 997sqm medical complex sits on a substantial 3,485sqm freehold site and delivers a secure income stream backed by Health Matters, an established healthcare operator.</p><p>The property benefits from a strategic location within the Karalee Shopping Centre precinct, anchored by Woolworths and Coles, providing strong exposure and complementary foot traffic. As the only large medical centre within a 6km radius, it serves a rapidly expanding population base in Ipswich - projected to grow 122% to 520,000+ residents by 2041.</p><p>With 78.5% of income underpinned by Health Matters on long-term leases to 2034, plus complementary allied health tenants Target Physiotherapy and F45 Fitness, the asset provides a robust 4.8 year WALE and secure net lease structures. The property generates a net operating income of $463,700 p.a. + GST, with fixed annual increases of 3-3.5% providing reliable income growth.</p>
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<p>Located just 23km southwest of Brisbane CBD, Karalee is a rapidly growing suburb within the thriving City of Ipswich region. The area is experiencing unprecedented growth, with the local population forecast to increase by 122% to 520,000+ residents by 2041 - making it Queensland's fastest-growing region.</p><p>The property benefits from excellent exposure and accessibility via the Warrego Highway, with direct access to Brisbane in approximately 30 minutes. Over $13 billion in infrastructure projects are either completed or planned for the region, including major transport upgrades that will further enhance connectivity.</p><p>The immediate catchment is well-established with strong demographic fundamentals to support healthcare services, including an aging population driving increased demand. The property's integration with the Karalee Shopping Centre provides additional foot traffic and amenity.</p>
Additional Location Information File<p><strong>Health Matters</strong> is the anchor tenant occupying three tenancies under a 10-year lease plus 5-year option. They are an established healthcare operator with two medical centers in the Ipswich region, operating with 30 doctors and 10 nurses.</p><p><strong>Target Physiotherapy</strong> is a privately owned physiotherapy clinic founded in 2002, operating 3 centers in Brisbane West & Ipswich region. They hold a 5-year lease with a 5-year option.</p><p><strong>F45 Fitness</strong> operates under a 6-year lease with 5-year option. Founded in 2013, F45 has grown to over 3300 studios across 67 countries.</p>
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<p>The property generates a <strong>net operating income of $463,700 p.a. + GST</strong> from a diversified tenant mix:</p><ul><li>Health Matters: $366,199 p.a.</li><li>Target Physio: $31,921 p.a.</li><li>F45 Fitness: $67,476 p.a.</li></ul><p>The lease structure provides <strong>strong income security</strong> with:</p><ul><li>78.5% of income secured by Health Matters until 2034</li><li>Fixed annual increases of 3-3.5%</li><li>Net lease structure with tenants responsible for outgoings</li><li>Bank guarantees of 6 months rent plus outgoings</li></ul>
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<ul><li>Premium standalone medical investment with 4.8 year WALE</li><li>78.5% of income secured by established healthcare operator Health Matters</li><li>Modern purpose-built facility constructed in 2019 offering depreciation benefits</li><li>The only large medical centre within 6km radius with 15 GPs & 7 nurses</li><li>Significant 3,485sqm freehold site with 41 dedicated car spaces</li><li>Integrated with major Karalee Shopping Centre anchored by national retailers</li><li>Located in Australia's 6th fastest growing metropolitan region</li><li>Set-and-forget net lease structure with tenants responsible for outgoings</li><li>Strong fixed annual rent increases of 3-3.5%</li><li>Excellent tenant mix with complementary allied health services</li></ul>
