JLL and Cushman & Wakefield are pleased to present for sale Gympie Private Hospital. Fully leased to Healthe Care until July 2030, the investment offering is a unique opportunity to acquire a fantastic value add or redevelopment potential with unrivalled prominence.
- Unrivalled position in the heart of Gympie only 420m* to the 85-bed Gympie Public Hospital.
- Strong lease covenant underpinned by a national medical operator Healthe Care
- Total Net Lettable Area of 2,176 sqm*
- Passing Net Income of $574,000 pa* (as at 1 May 2022)
- Defensive Income stream with a 8.17 year WALE (by Income)
- Flexible options for adaptive re-use such as Aged Care, medical, allied health services.
- The facility remains the only private hospital facility in Gympie, offering ongoing opportunities to re-instate a private hospital operator with capacity for 40 beds and 2 operating theatres.
The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).
Gympie Private Hospital 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