 Asset Class: | Medical |
 Price: | $ 5000000 |
 Net Yield: | 3.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>The Karalee Medical Centre represents a premium healthcare investment opportunity in one of Australia's fastest-growing regions. Located at 4 Centre Court in Karalee/Chuwar, this modern medical facility was constructed in 2019 and offers 997sqm of purpose-built medical space on a substantial 3,485sqm freehold site.</p><p>The property benefits from <strong>78.5% of income underpinned by Health Matters</strong>, an established medical group with two centres across the Ipswich region, supported by complementary allied health providers Target Physiotherapy and F45 Fitness. The centre features <strong>secure, net lease structures</strong> with all tenants responsible for outgoings including land tax, creating a true passive investment with strong rental growth through CPI and fixed 3% & 3.5% annual reviews.</p><p>Strategically positioned as <strong>the only large medical centre within a 6km radius</strong>, the facility houses 15 GPs and 7 nurses, providing essential healthcare services to the rapidly expanding Ipswich population. The property's integration with the recently redeveloped Karalee Village Shopping Centre adds significant value, with the precinct anchored by Woolworths and Coles supermarkets and supported by 38 specialty retailers.</p><p>With Ipswich forecast to experience population growth of 122% to 520,000+ residents by 2041, this investment offers exceptional growth prospects in a sector known for stability and resilience. The medical centre generates a robust <strong>Net Operating Income of $463,700 pa</strong> plus GST, with a weighted average lease expiry of 4.8 years.</p><p></p>
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<p>The Karalee Medical Centre is strategically positioned in Karalee/Chuwar, a thriving suburb within the City of Ipswich, just <strong>23km southwest of Brisbane CBD</strong>. The property enjoys excellent exposure on Centre Court, directly opposite McDonald's and near other high-profile national tenants including KFC, Ampol, and Shell.</p> <p>Ipswich is Queensland's <strong>6th fastest growing metropolitan location</strong> with exceptional forecast population growth of 122% to 520,000+ residents by 2041 – more than double the growth rate of the next fastest region. This extraordinary growth is driving significant investment in infrastructure, with <strong>$13 billion in projects</strong> either completed or planned for the area.</p> <p>The area benefits from outstanding connectivity to Queensland's most important employment hub, with Brisbane just 30 minutes away. Major infrastructure projects including the <strong>Logan and Gold Coast Faster Rail</strong> ($2.6B), <strong>Ipswich Motorway upgrades</strong> ($400M), and <strong>Citiswich Business Park</strong> ($1B) are further enhancing the region's accessibility and economic development.</p> <p>The property's integration with the Karalee Village Shopping Centre creates a comprehensive community hub, providing essential services alongside major retailers Woolworths and Coles, supported by 38 specialty stores and extensive parking.</p>
Additional Location Information File<p><strong>Health Matters</strong> is the anchor tenant, occupying multiple spaces and contributing 78.5% of the property's income. They are a privately run medical group with two established medical centres in the Ipswich region, dedicated to providing personalised services and continuity of treatment.</p> <p>Their operations feature state-of-the-art fitouts and the latest medical equipment. With <strong>30 established doctors and 10 dedicated nurses</strong>, Health Matters delivers comprehensive medical services including:</p> <ul> <li>General check-ups and complex medical procedures</li> <li>Skin cancer management</li> <li>Mental health services</li> <li>Chronic disease management</li> <li>Travel medicine</li> <li>Allied health services</li> <li>Cosmetic treatments</li> <li>Pre-employment medical assessments</li> <li>Women's, men's and children's health</li> </ul> <p><strong>Target Physio</strong> is a privately owned physiotherapy clinic founded in 2002 by Fiona Pringle, which has expanded to three centres across Brisbane West & Ipswich. Their experienced team specialises in tailored services including physiotherapy, exercise physiology, NDIS, hydrotherapy, Medicare EPC, DVA and workplace insurance.</p> <p><strong>F45</strong>, established in Australia in 2013, is one of the world's fastest-growing fitness franchise networks with over 3,300 studios in more than 67 countries. Their innovative training program is designed to be adaptable to evolving fitness trends and meets modern consumer needs for time-efficient, results-based, community-oriented workouts.</p>
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<p>The Karalee Medical Centre presents a compelling financial proposition with a <strong>Net Operating Income of $463,700 pa* + GST</strong> derived from a diverse mix of healthcare and allied service providers:</p> <ul> <li>Total Base Rent: $465,596</li> <li>Recoverable Outgoings: $81,621*</li> <li>Total Gross Rent: $547,217 pa* + GST</li> <li>Total Outgoings: $83,517*</li> </ul> <p>The income stream is underpinned by <strong>78.5% of revenue from Health Matters</strong>, an established medical group with multiple tenancies within the complex. The lease structure provides excellent income security with a <strong>weighted average lease expiry (WALE) of 4.8 years</strong>.</p> <p>Rental growth is secured through a combination of <strong>CPI increases and fixed annual reviews of 3% and 3.5%</strong>, providing predictable income appreciation. The net lease structure places responsibility for all outgoings with tenants, including land tax, creating a truly passive investment opportunity.</p> <p>Each tenant provides bank guarantees equivalent to 3-6 months rent plus outgoings, further reducing risk exposure. As a relatively new building (constructed 2019), the property offers <strong>significant tax depreciation benefits</strong> to enhance investment returns.</p>
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<ul> <li>Prime medical asset with significant 4.8 year WALE providing stable income security</li> <li>Modern building constructed in 2019 offering substantial tax depreciation benefits</li> <li>78.5% of income underpinned by established healthcare provider Health Matters</li> <li>Complementary tenant mix including allied health and fitness enhancing property appeal</li> <li>Strong rental growth guaranteed through CPI and fixed annual increases of 3-3.5%</li> <li>Net lease structure where tenants cover all outgoings including land tax</li> <li>Expansive 3,485sqm freehold site with 41 dedicated on-site parking spaces</li> <li>Exceptional location integrated with Karalee Shopping Centre with access to 341 additional car spaces</li> <li>Only large medical centre within 6km radius, featuring 15 GPs and 7 nurses</li> <li>Located in Australia's 6th fastest growing metropolitan area with forecast 122% population growth</li> <li>Premium fit-out with modern medical infrastructure throughout the facility</li> <li>Unique bonus underground swimming pool exclusively for owner use</li> </ul>
