 Asset Class: | Multi-Tenanted |
 Price: | $ 9600000 |
 Net Yield: | 6.83 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<span style="color:rgb(51, 51, 51);">Presenting an exceptional multi-tenanted investment opportunity at 5 Michigan Drive Oxenford 4210 QLD. </span>Strategically positioned in the heart of Queensland's rapidly growing northern Gold Coast region. This prominent two-storey medical / retial facility offers a robust investment profile with its current 100% occupancy rate and strong tenant mix anchored by Michigan Drive Medical Practice occupying 28% of the net lettable area.<br><br><br>The property boasts a substantial 4,429 sqm site with dual street frontage and delivers a net income of $655,566 per annum with an attractive 1.7 years weighted average lease expiry. Situated with direct access to the M1 Motorway—the busiest inter-capital corridor between Sydney and Brisbane—this healthcare hub enjoys exceptional connectivity and visibility in a high-growth demographic area.<br><br><br>With a diverse healthcare ecosystem including general practice, dental, pharmacy, pathology, psychology and cardiology services, the centre provides a comprehensive medical offering that serves the expanding local population. The broader Oxenford-Maudsland area is experiencing population growth exceeding the Queensland average, with projections showing continued strong expansion through to 2046.<br><br><br>The property features 1,484 sqm of net lettable area complemented by 63 on-site car parking spaces. The purpose-built nature of this asset combined with its versatile zoning allows for multiple uses including health, retail and office, minimizing vacancy risk and creating opportunities for driving rental growth.<br><br><br>The healthcare property sector continues to demonstrate resilience and stability, making this offering particularly attractive to investors seeking defensive assets with reliable income streams. With Australia's aging population and increasing healthcare demands, this medical centre represents an opportunity to secure a foothold in one of commercial real estate's most sought-after sectors.
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Oxenford is a suburb in the City of Gold Coast, Queensland, located approximately 18.8 kilometers northwest of Surfers Paradise. As of the 2021 census, it has a population of 12,273 residents. <br><br><b>Geography and Location</b><br><br>The suburb is bordered to the west and north by the Coomera River, to the east by the Pacific Motorway, and to the south by Universal Street, Binstead Way, Kopps Road, and the Gaven Arterial Road. The western edge of Oxenford is also bordered by the Coomera River, which can only be crossed via the Coomera River causeway. Tamborine-Oxenford Road runs through the suburb from west to northeast. <br><br>The suburb's appeal lies in its natural, laid-back vibe. As the community flourishes into its own self-reliant entity, Oxenford stands out as a prime place to live on the Gold Coast. Efficient transportation and road networks adeptly manage congestion, and Gold Coast City Council's dedication to road network improvements enhances convenience.<br><br>Oxenford's strategic location ensures easy access to vibrant destinations – a short drive to Southport, Surfer's Paradise, Brisbane, and even across the NSW border opens up endless opportunities for leisure and employment. The suburb's population, spanning various age groups, enjoys a harmonious and peaceful lifestyle, facilitated by numerous parks and regular community interactions. A thriving business landscape, supported by local enterprises, contributes to residents' convenience.<br><br>The tight-knit community spirit thrives with social and sporting clubs, fostering connections among residents. Weekends come alive with active families utilizing local sports fields for various activities. Netball, football, cricket, volleyball – Oxenford caters to those embracing an active and healthy lifestyle.<br>
Additional Location Information File<span style="color:rgb(0, 0, 0);"><b>Michigan Drive Medical Practice</b></span><br><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Website: </span><a style="display:inline;font-weight:normal;" target="_blank" href="https://michigandoctors.com.au/"><u>Michigan Drive Medical Practice – Your Good Health is Our Mission</u></a><span style="font-weight:normal;"></span><br><br><span style="color:rgb(0, 0, 0);"><b>TerryWhite Chemmart</b></span><br><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Website: </span><a style="display:inline;font-weight:normal;" target="_blank" href="https://terrywhitechemmart.com.au/"><u>TerryWhite Chemmart | Dedicated to Care</u></a><span style="font-weight:normal;"></span><br><br><span style="color:rgb(0, 0, 0);"><b>Oxenford Dental Centre</b></span><span style="color:rgb(0, 0, 0);"> (B & N Rutherford)</span><br><br><span style="color:rgb(0, 0, 0);">Website: </span><a style="display:inline;" target="_blank" href="https://www.oxenforddental.com.au/"><u>Gold Coast Dentist | Gentle Care at Oxenford Dental Centre</u></a><span></span><br><br><br><br>
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<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(51, 51, 51);font-weight:normal;font-style:normal;"> The centre is strategically located to the western alignment of the Pacific Motorway, the busiest inter-capital corridor between Sydney and Brisbane</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Given the asset can suit multiple different uses including health, retail and office, the vacancy risk is extremely minimal</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Strong healthcare tenancy mix that offers cross referral benefits and attracts/ retains other complementary tenants</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Large underlying landholding of 4,429m²</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$655,566 per annum + GST clean net cashflow </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">1,484m² net lettable area over 2 storeys</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Drive through access</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Abundant parking on site and in street</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Value Add Opportunity - Potential uplift in rents due to short WALE</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Huge growth sector as the state ramps up for the Olympic Games in 2032</span></p></li></ul>
