Healthcare

IPN Forest Lake - 7 High Street Forest Lake

7 High Street Forest Lake, QLD Australia 4078
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2016
Building Area Net
Land Area Net ()
Occupancy 100.0 %

Asset Description

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.

Investment Highlights

  • 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


Last Updated Date: 16 Aug 2022

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Last Updated Date: 16 Aug 2022

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