295 Kingston Road, Logan Central, QLD, 4114, AU

IPN Logan Central

Asset description

JLL and Cushman & Wakefield is proud to present for sale Logan Central Medical Centre, a modern single storey medical centre anchored by ASX listed Sonic Healthcare (ASX:SHL).

Logan Central Medical Centre is conveniently located on the high exposure corner of Kingston Road and Wembley Road, two significant thoroughfares in the Logan Central locale.

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Attributes

Building area Net

1,850 sm

Occupancy

81.00%

Year built

2000

Media

Investment highlights

Strong and diverse mix of medical tenancies including IPN Medical Centres, Queensland X-Ray, Sullivan Nicolaides Pathology, a Pharmacy and Podiatrist.
The centre has a secure tenancy mix with the Medical Centre and Pharmacy being in occupation for 20+ years, which speaks to the continuing performance of the centre.
High profile corner site with exposure to two arterial thoroughfares, being Kingston Road and Wembley Road, which both carry a high volume of vehicular traffic.
Featuring on-site at-grade parking for at least 44 bays (1:42m² of NLA), the centre enjoys ample and convenient at grade parking around two separate buildings.
A major, non-cyclical asset class with institutional appeal, underpinned by defensive income streams and non-discretionary spending.

A 100% freehold interest in Logan Central Medical Centre is being offered via Expressions of Interest closing Wednesday 8th March 2023 at 2 pm (AEDT)