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120-122 Spencer Street, South Bunbury, WA, 6230

2. Property Highlights

  • Located in WA’s largest regional centre
  • 7.80-year* WALE, with options to 2040
  • Leading national healthcare tenant

CBRE and JLL are proud to exclusively present for sale Forrest Family Practice, a long WALE, single level general practice medical centre 100% leased to ForHealth, a national healthcare service provider with a platform of more than 70 medical centres.

Boasting a long WALE of 7.80-years * offering significant income security, Forrest Family Practice is a rare opportunity to secure a strategically located, purpose built general practice medical centre and pharmacy which comprises 12 x consultation rooms operated by 12 doctors, with ancillary services including pathology, dietetics and pharmacy.

Key Investment Information:

Address: 120-122 Spencer Street, South Bunbury WA 6230

Net Lettable Area (NLA): 890m² *

Combined Site Area: 2,920m² *

Local Government Area: City of Bunbury

Zoning: Mixed Use Commercial

Tenant: ForHealth (trading as Forrest Family Practice)

Net Income: $532,677 per annum + GST**

Term: 10 years commenced July 2021

Options: Three, 3 year options

Car Parking: 59 bays


**Approximately as at 1 October 2023

Forrest Family Practice is for sale Expressions of Interest (EOI) closing Thursday 19th October 2023 at 2.00pm (AWST)/ 5:00pm (AEDT).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Derek Barlow

Director, CBRE

+61 417 941 478

Lachlan Andrew

Associate, CBRE

+61 426 890 080

Simon Quinn

Senior Director, JLL

+61 409 261 276

Nigel Freshwater

Senior Director, JLL

+61 417 197 375

Thomas Thorsen

Senior Executive, JLL

+61 488 444 022

Remember to mention you found this property on CommercialReady

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3. Property Location

120-122 Spencer Street, South Bunbury, WA, 6230

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4. Due Diligence

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120-122 Spencer Street, South Bunbury, WA, 6230 South Bunbury
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