JLL and Cushman & Wakefield are pleased to present for sale a rare opportunity to acquire a modern, purpose built and fully leased medical facility, St Vincent’s Specialist Centre. Enjoying dual street frontages and substantial exposure to Melton HighwaySt Vincent’s Specialist Centre provides a wide range of specialist medical services including pulmonary and sleep diagnostics specialists, dentistry, cardiology, osteo and paediatrics amongst other specialties.
- Conveniently situated on a high-profile 1,516 sqm corner site
- Blue Chip lease covenant fully leased to St Vincent’s Hospital.
- Total Net Lettable Area of 591 sqm*
- Passing Net Income of $224,000 pa* (as at 1 May 2022)
- 3.38 year WALE (by Income)
- Established and growing medical demand with a consistent forecasted local population growth of 5.4% in the Sydenham – Hillside.
- Rarely offered specialist medical investment.
The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).
St Vincent’s Specialist Centre 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