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Cairns Day Surgery, 156-160 Grafton Street, Cairns City, QLD, 4870

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Cairns Day Surgery, 156-160 Grafton Street, Cairns City, QLD, 4870

Cairns City

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Cairns Day Surgery, 156-160 Grafton Street, Cairns City, QLD, 4870

Cairns City

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Cairns Day Surgery, 156-160 Grafton Street, Cairns City, QLD, 4870

Cairns Day Surgery, 156-160 Grafton Street, Cairns City, QLD, 4870

Properties / Sold / Queensland / Cairns City
Tenanted Investment
Selling Method
EOI
Selling Details
Expressions of Interest Closing Thursday 15 August at 4pm (AEST)
Floor Area
2473 m² (*approx)
Property Type
Health/Medical
Sub-type
Health Care & Medical
Est. Income
$1,612,000 p/a
Fully Leased
Anchored by Ramsay Healthcare
Car Spaces
37
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Ramsay-anchored Day Surgery

Knight Frank and JLL are pleased to present for sale via Expressions of Interest the Cairns Day Surgery, located at 156-160 Grafton Street, Cairns.

Cairns Day Surgery is anchored by Ramsay Health Care (ASX:RHC), Australia’s leading private health conglomerate with an $11b market capitalization. The fully let, 4 tenancy facility has a complimentary mix of long-established tenants including a day surgery, bulk-billing GP Clinic, Pharmacy, and Pathology sampling and testing laboratory.

The key attributes of this investment are as follows:

- 5.4-Year WALE (As at 30 Sep. 2024)

- $1.612 million p.a. passing Net Income* (As at 30 Sep. 2024)

- Anchored by Ramsay Healthcare with 67% of NLA

- CPI-linked review mechanism to 70%* of Gross Rental Income

- Complimentary mix of tenancies including GP Clinic, Pharmacy, Pathology sampling and testing facility Practice and 4-theatre multi-disciplinary day surgery

- 100% occupied by established healthcare tenants

- Significant investment by tenants in fit-out, including 405sqm of PC-2 laboratory space which serves as QML’s central testing facility for the Cairns region.

- 2,473sqm* Net Lettable Area

- 37 car spaces

- Prominent, accessible location in Cairns CBD

Cairns Day Surgery is offered for sale by Expressions of Interest closing 4:00pm AEST on Thursday, 15th August 2024. For further information or access to the Electronic Data Room please contact the exclusive selling agents.

Remember to mention you found this property on CommercialReady

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Tenanted Investment
Tenanted Investment

156-160 Grafton Street Investment Summary

Property Type
Health/Medical
Sub-type
Health Care & Medical
Est. Income
$1,612,000 p/a
Tenant
Anchored by Ramsay Healthcare
Wale
5.4 years
Floor Area
2473 m² (*approx)
Car Spaces
37
Selling Method
EOI
EOI Closing Date
15 Aug 2024 04:00PM
Selling Details
Expressions of Interest Closing Thursday 15 August at 4pm (AEST)

Investment Highlights

Ramsay-anchored Day Surgery

Knight Frank and JLL are pleased to present for sale via Expressions of Interest the Cairns Day Surgery, located at 156-160 Grafton Street, Cairns.

Cairns Day Surgery is anchored by Ramsay Health Care (ASX:RHC), Australia’s leading private health conglomerate with an $11b market capitalization. The fully let, 4 tenancy facility has a complimentary mix of long-established tenants including a day surgery, bulk-billing GP Clinic, Pharmacy, and Pathology sampling and testing laboratory.

The key attributes of this investment are as follows:

- 5.4-Year WALE (As at 30 Sep. 2024)

- $1.612 million p.a. passing Net Income* (As at 30 Sep. 2024)

- Anchored by Ramsay Healthcare with 67% of NLA

- CPI-linked review mechanism to 70%* of Gross Rental Income

- Complimentary mix of tenancies including GP Clinic, Pharmacy, Pathology sampling and testing facility Practice and 4-theatre multi-disciplinary day surgery

- 100% occupied by established healthcare tenants

- Significant investment by tenants in fit-out, including 405sqm of PC-2 laboratory space which serves as QML’s central testing facility for the Cairns region.

- 2,473sqm* Net Lettable Area

- 37 car spaces

- Prominent, accessible location in Cairns CBD

Cairns Day Surgery is offered for sale by Expressions of Interest closing 4:00pm AEST on Thursday, 15th August 2024. For further information or access to the Electronic Data Room please contact the exclusive selling agents.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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Cairns Day Surgery, 156-160 Grafton Street, Cairns City, QLD, 4870

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Property Location of Cairns Day Surgery, 156-160 Grafton Street, Cairns City, QLD, 4870

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Cairns Day Surgery, 156-160 Grafton Street, Cairns City, QLD, 4870 Cairns City
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