 Asset Class: | Medical |
 Price: | $ 10000000 |
 Net Yield: | 9.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Pre Market |
<p>Proudly presenting this exceptional medical investment opportunity in the heart of Bowen Hills. This architecturally designed space offers 186m² of internal area plus a 72m² exclusive use terrace, situated within the prestigious $2.9B RNA Showgrounds Redevelopment Precinct.</p> <p>The property is currently leased to Spartan First, an indigenous occupational health services provider with a solid reputation across Australia. They've secured a 5+5 year lease term until January 2028, providing investors with exceptional income security. The current annual net rent of $87,046.65 with fixed 3% annual increases offers strong returns in one of Brisbane's fastest-growing precincts.</p> <p>Located at the base of the brand new Omega Apartments complex with 130 residential units above, this immaculately presented medical facility features a functional design with extensive fit-out. The property comes with two dedicated car spaces at the rear of the ground floor, adding significant value in this inner-city location.</p> <p>The strategic position within Bowen Hills offers unparalleled connectivity, being just 185m from the King Street Precinct, 240m from Brisbane Showgrounds, 700m from Royal Brisbane and Women's Hospital, and only 2.1km from Brisbane CBD. With multiple transport options nearby including Fortitude Valley Train Station (500m) and Bowen Hills Train Station (750m), this property offers convenience that tenants value highly.</p> <p>Investment opportunities of this calibre within such sought-after redevelopment precincts rarely come to market. With a blue-chip health service tenant, long-term secure income, and prime positioning in one of Brisbane's most dynamic regeneration zones, this represents an exceptional opportunity to secure a premium commercial asset with strong growth potential.</p>
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<p>Bowen Hills has emerged as one of Brisbane's most dynamic inner-city suburbs, positioned just 2.1km from the CBD and undergoing significant transformation through the $2.9 billion RNA Showgrounds Redevelopment project.</p> <p>The area boasts <strong>exceptional connectivity</strong> with multiple transport options including Fortitude Valley Train Station (500m) and Bowen Hills Train Station (750m), plus easy access to the Inner City Bypass (1.7km).</p> <p>The precinct is surrounded by world-class amenities including the vibrant King Street precinct (185m) with its eclectic mix of dining, retail and entertainment options. Notable venues include Claw BBQ, El Camino Catina & Wing Haus, creating a lively atmosphere that attracts visitors throughout the week.</p> <p>The RNA Showgrounds has been one of Queensland's cultural epicentres for over 40 years, hosting the iconic Ekka Show since 1876 along with numerous festivals, concerts, conferences and exhibitions that bring thousands to the area annually.</p> <p>By 2025, the redevelopment will dramatically transform the area with five commercial office buildings, 2,500 residential apartments, a new hotel, business and convention centre, and enhanced retail offerings, making this location an increasingly attractive investment proposition.</p>
Additional Location Information File<p><strong>Spartan First</strong> is an indigenous occupational health services provider with a solid reputation in the healthcare industry. They serve a diverse client portfolio including government departments and numerous national companies across Australia.</p> <p>Their service offering includes:</p> <ul> <li>Occupational health services</li> <li>Primary health services</li> <li>General health and wellbeing programs</li> <li>Expert panel of surgeons in conjunction with occupational health specialists</li> </ul> <p>With seven locations across Australia, Spartan First has established itself as a trusted provider committed to delivering excellence in healthcare. Their impressive client roster includes major corporations such as Sodexo, BMC Fortescue, APM, Programmed, Ventia, NRW Holdings, Chevron, Hays, CIVMEC, Civeo, Northern Star Resources, and CoreSTAFF.</p> <p>The current lease term is 5 years (commenced February 2023) with a 5-year option, providing strong tenure security until January 2028.</p>
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<p>This property offers an attractive financial profile with a <strong>secure income stream</strong> of $87,046.65 per annum net (excluding GST). The lease structure includes fixed 3% annual rental increases, providing investors with reliable income growth.</p> <p>Current financial details include:</p> <ul> <li>Annual Gross Rent: $100,425.00</li> <li>Annual Outgoings: $13,378.35 (comprising Council Rates: $4,764.60, Urban Utilities: $977.00, Body Corporate Fees: $7,636.75)</li> <li>Net Income: $87,046.65</li> </ul> <p>The tenant has provided a security amount equal to 4 months' rent (exclusive of GST), providing additional financial security for the investment.</p>
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<ul> <li>Prime inner-city location in the prestigious $2.9B RNA Showgrounds Redevelopment Precinct</li> <li>Architecturally designed medical facility with immaculate presentation</li> <li>Blue-chip tenant - Spartan First, an established indigenous health services provider</li> <li>Strong secure income - $87,046.65 p.a. net + GST with fixed 3% annual increases</li> <li>Substantial lease security with 5+5 year term until January 2028</li> <li>Generous 186m² internal area plus 72m² exclusive use terrace</li> <li>Two dedicated car spaces - a valuable asset in this inner-city location</li> <li>Located at base of new Omega Apartments complex (130 apartments)</li> <li>Just 700m from Royal Brisbane and Women's Hospital</li> <li>Outstanding connectivity with multiple transport options nearby</li> <li>Walking distance to vibrant King Street dining and entertainment precinct</li> <li>Positioned in one of Brisbane's fastest growing urban renewal areas</li> </ul>
