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.
- 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