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CBRE are pleased to exclusively present for sale 205 Spencer Street South Bunbury offering a well-established, single storey medical centre, 100% leased to strong performing healthcare service providers with a national platform.
205 Spencer Street is located within the busy coastal City of Bunbury, WA’s largest regional populous known for its pristine beaches and strong local economy, bolstered by a prominent mining and mineral processing sector with $2 billion in annual turnover.
Boasting a WALE of 4.0 years offering income security, 205 Spencer Street is a rare opportunity to secure a strategically located, purpose-built medical centre which comprises consulting rooms, treatment rooms and a dedicated pathology wing.
Investment Highlights
- 100% Leased to leading healthcare Provider Sonic Health
- Purpose built facility with campus-style, dual-building arrangement
- Favourable healthcare demographics and high population growth
- Prime corner location with exposure primary arterial roadway
- Expansive 3,224sqm* landholding with triple frontages
- Secure Net Income of $474,475 per annum*
*Approx.
Purpose Built Facility
Two purpose-built facilities with building 1 being general practice centre with 12 consultation rooms, two specialist treatment rooms, audio room, sterile storage, and medical storage. The second building houses a dedicated pathology laboratory, related consulting rooms and specialist storage facilities.
Committed Tenants within Built-in Rental Growth
With both tenants sitting under the Sonic Health ownership banner the recently extended 7-year lease to Clinipath, expiring until 2031, suggests a longer commitment than the 4.0 year WALE initially reflects. The related tenancy leases provide robust income with annual CPI reviews, providing long term security from a national Tier 1 covenant.
Premium Tenant Covenant
Sonic Healthcare is one of Australia’s most prominent medical operators specialising in laboratory services, pathology, radiology and primary care medical services. Sonic Healthcare delivered revenue of A$9.0 billion and a net profit of A$511 million for the 2024 financial year. Sonic Healthcare enjoys leading market positions in seven countries including Australia and continues to deliver robust revenue growth in the post-pandemic era.
Offers to Purchase closing Wednesday 11th June 2025 at 3pm.
Remember to mention you found this property on CommercialReady
CBRE are pleased to exclusively present for sale 205 Spencer Street South Bunbury offering a well-established, single storey medical centre, 100% leased to strong performing healthcare service providers with a national platform.
205 Spencer Street is located within the busy coastal City of Bunbury, WA’s largest regional populous known for its pristine beaches and strong local economy, bolstered by a prominent mining and mineral processing sector with $2 billion in annual turnover.
Boasting a WALE of 4.0 years offering income security, 205 Spencer Street is a rare opportunity to secure a strategically located, purpose-built medical centre which comprises consulting rooms, treatment rooms and a dedicated pathology wing.
Investment Highlights
- 100% Leased to leading healthcare Provider Sonic Health
- Purpose built facility with campus-style, dual-building arrangement
- Favourable healthcare demographics and high population growth
- Prime corner location with exposure primary arterial roadway
- Expansive 3,224sqm* landholding with triple frontages
- Secure Net Income of $474,475 per annum*
*Approx.
Purpose Built Facility
Two purpose-built facilities with building 1 being general practice centre with 12 consultation rooms, two specialist treatment rooms, audio room, sterile storage, and medical storage. The second building houses a dedicated pathology laboratory, related consulting rooms and specialist storage facilities.
Committed Tenants within Built-in Rental Growth
With both tenants sitting under the Sonic Health ownership banner the recently extended 7-year lease to Clinipath, expiring until 2031, suggests a longer commitment than the 4.0 year WALE initially reflects. The related tenancy leases provide robust income with annual CPI reviews, providing long term security from a national Tier 1 covenant.
Premium Tenant Covenant
Sonic Healthcare is one of Australia’s most prominent medical operators specialising in laboratory services, pathology, radiology and primary care medical services. Sonic Healthcare delivered revenue of A$9.0 billion and a net profit of A$511 million for the 2024 financial year. Sonic Healthcare enjoys leading market positions in seven countries including Australia and continues to deliver robust revenue growth in the post-pandemic era.
Offers to Purchase closing Wednesday 11th June 2025 at 3pm.
Remember to mention you found this property on CommercialReady
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