Healthcare

Rockingham Medical - 18 Civic Boulevard, Rockingham

18 Civic Boulevard Rockingham, WA Australia 6168
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2011
Building Area Net
Occupancy 100.0 %

Asset Description

JLL and Cushman & Wakefield are pleased to present for sale a rare opportunity to acquire a modern purpose-built, fully leased medical/social infrastructure asset, Rockingham Medical Centre. The asset features a strong lease covenant with underlying income underpinned by major medical and government tenants including ForHealth (previously Healius), Centrelink and Department of Communities (Child Protection) WA.

Investment Highlights

  • Ideally positioned within Rockingham Strategic Metropolitan Centre, adjacent to Vicinity-owned Rockingham City Shopping Centre.
  • Blue Chip Tenant - Market leading health care operator ForHealth occupying some 52%* of total NLA.
  • Supported by ground floor pharmacy, medical and restaurant providing unparalleled volume of foot traffic throughout the precinct.
  • Total Net Lettable Area of 3,628 sqm*
  • Passing Net Income of $1.18m pa* (as at 1 May 2022)
  • 3 year WALE (by Income)
  • Abundant car parking within adjoining council car park.
  • Strong population growth forecast to increase by 68% over the next 20 years.


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


Rockingham Medical 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
Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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