Bayside Business Park, 16-24 Weippin Street, Cleveland, QLD, 4163

Knight Frank and Colliers are pleased to present 16-24 Weippin Street, Cleveland, known as Bayside Business Park, a fully-leased, four building healthcare campus in South-East Queensland's rapidly expanding Redlands Health Precinct.

The 5,677 sqm* asset comprises 8 tenants occupied by a complementary mix of tier 1 healthcare services providers including Icon Cancer Care, Mater Health, QLD X-Ray, Snap Fitness and a newly established Urgent Care Clinic plus a 75 place childcare centre, adding on-campus amenity to support the local health workforce.

Bayside Business Park is prominently positioned on a 1.47 ha* land-rich site directly opposite the 60-bed Mater Private Hospital Redland and adjacent to the recently expanded 270-bed Redland Hospital, providing a natural referral and patient-feeder network for on-site practitioners. It also offers drive-through connectivity between two major employment nodes, the Redlands health precinct and the Cleveland commercial and industrial area.

Key investment highlights of this opportunity include:

- Fully leased net passing income of $3,231,492 p.a.* net plus GST

- 3.96-year WALE by income with staggered lease expiry profile

- Tier 1 occupiers include Icon Cancer Care, Mater Health, Urgent Care Clinic, QLD X-ray

- Complementary mix of healthcare specialties including radiation oncology, diagnostics, radiology, primary care, allied health, specialist consult suites and retail pharmacy

- Prominent location within the Redland Health Precinct, anchored by the recently expanded 270-bed Redland Hospital and the co-located 60-bed Mater Private Hospital Redland

- Redland Hospital Precinct backed by more than $300 million of recent expansion, including a new ICU and 37 additional beds, with further stages pending

- Value-add potential through further stratification (STCA)

- Over-60's cohort is 39% higher in Redlands vs greater Brisbane average, driving demand for healthcare services Highly accessible 1.47 ha* site with drive-through connectivity between two major employment nodes, the Redland Health Precinct and the Cleveland commercial and industrial area

- 219* on-site car parks (1:25)

16-24 Weippin Street, Cleveland is For Sale via Expressions of Interest closing at 3:00pm (AEST) on Thursday, 27 August 2026.

*Approximate, as at 1 September 2026.

Sources: Metro South Health; Queensland Health; profile.id; ABS; ShapingSEQ.

Remember to mention you found this property on CommercialReady