Key facts
| Year Built | 2016 |
| Building Area Net |
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| Land Area Net |
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| Rentable Area |
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| Occupancy | 100.0 % |
Property description
JLL and Cushman & Wakefield are pleased to present for sale IPN Forest Lake. The property features a purpose-built medical centre, comprising an IPN Medical Centre, Priceline Pharmacy, a swim school and a dental clinic. Conveniently located on a substantial 6,194sqm corner site on High Street, opposite Forest Lake Shopping Centre, the asset offers unparalleled exposure at the centre of a major commercial and retail precinct.
Investment highlights
- Strategically located on a 6,194 sqm corner site in an established suburban area and key growth corridor
- Diversified income stream with a complementary tenancy mix, underpinned by reputable medical operator IPN Medical Centres (Sonic Healthcare)
- First generation lease term with options
- Total Net Lettable Area of 1,885 sqm*
- Passing Net Income of $676,000 pa* (as at 1 May 2022)
- Abundant car parking with 68 at-grade open car spaces.
- Unique and high performing swim school offering, heavy tenant investment with high barriers to entry
The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).
IPN Forest Lake is available individually or as part of the National Healthcare Portfolio. The Portfolio includes 9 securely leased medical assets across four states, with a combined net income of $7.32 million, and anchored by a range of blue chip national medical tenants such as Aurora, Nexus Day Hospitals, ForHealth, St Vincents and IPN Medical Centres.
The Portfolio includes:
- Kogarah Private Hospital, 1 Derby Street, Kogarah NSW
- Chermside Medical Complex, Lots 2-6 & 9-10, 956 Gympie Road, Chermside QLD
- IPN Logan Central, 295 Kingston Road, Logan Central QLD
- IPN Forest Lake, 7 High Street, Forest Lake QLD
- Mackay Private Hospital, 57 Norris Road, Mount Pleasant QLD
- Gympie Private Hospital, 74-86 Channon Street, Gympie QLD
- Modern Medical Spotswood, 196 Hall Street, Spotswood VIC
- St Vincent's Specialist Centre, 574 Melton Highway, Sydenham VIC
- Rockingham Medical Centre, 18 Civic Boulevard, Rockingham WA
Similar Properties
View moreThe value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.
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