Healthcare

Chermside Medical Complex - Lots 2-6, 9& 10, 956 Gympie Road Chermside

956 Gympie Road Chermside, QLD Australia 4032
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2008
Building Area Gross
Occupancy 100.0 %

Asset Description

JLL and Cushman & Wakefield are pleased to present for sale Lots 2-6 & 9-10 of the Chermside Medical Complex. The property features a modern purpose-built medical facility anchored by CURA Group in addition to I-Med Radiology, Ophthalmology, Pharmacy, Sullivan Nicolaides Pathology and café.

Investment Highlights

  • Located in an established healthcare facility enjoying tremendous passing traffic
  • Excellent tenant covenants underpinned by CURA Group and a strong GP Medical Centre
  • Total Net Lettable Area of 2,366 sqm*
  • Passing Net Income of $1.3m pa* (as at 1 May 2022)
  • Defensive Income stream with a 4 year WALE (by Income)
  • Value add potential through unlocking and acquiring remaining strata
  • Multiple exit strategies


The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).


Chermside Medical Complex 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
Last Updated Date: 26 Apr 2022

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Last Updated Date: 26 Apr 2022

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