Albany Hills Radius Medical Centre_Property for Sale

49 Old Northern Road, Albany Creek, QLD, 4035, AU

Albany Hills Radius Medical Centre

Asset description

JLL are pleased to present for sale, a purpose-built multidisciplinary facility with major long standing tenants offering general practice medicine, pharmacy, dentistry, psychology and pathology. Situated on a substantial Centre zoned 4,109m² site, Radius Medical Centre offers a secure income stream via its impressive 8.25-year WALE*, underpinned by a strongly performing healthcare ecosystem of 30+ doctors on-site.

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Attributes

Building area net

10,280 sf

Occupancy

100%

Land area gross

44,229 sf

Call for offers

05/15/2024

Media

Investment highlights

Stand-alone, purpose-built facility that has been well maintained since construction in 2003.
Underpinned by a significant 8.25-year* WALE, the centre offers a secure long term cashflow, supported by greater of CPI or 3.00% built-in annual reviews.
A major, non-cyclical asset class with institutional appeal, underpinned by defensive income streams and non-discretionary spending.
30+ medical specialists operating from the centre.
Situated on a significant 4,109m² parcel of land in Albany Creek, Radius Medical Centre enjoys a prime location with desirable Centre zoning as per the Moreton Bay Regional Council Planning Scheme.

Albany Hills Radius Medical Centre is being offered via Expressions of Interest closing Thursday 16th May 2024 at 2pm (AEST).