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4 Dorothy Street, Mornington, QLD, 4825

2. Property Highlights

Queensland Health Occupied Since New | Attention 10% Yield Buyers
  • Significant 1,012 sqm* landholding
  • Leased to Queensland Health
  • 4 residential units near town centre

Burgess Rawson is pleased to offer to the market the Queensland Health investment at 4 Dorothy Street, Mornington (Mount Isa.) for sale via Investment Portfolio Auction 165.

This opportunity has the following key investments highlights:

+ Built in 2008 and leased to Queensland Health since new

+ Renewed 3 year lease to June 2026 plus options to 2028

+ Queensland Health: The overall public health service of Queensland with a network of 16 hospitals and health services along with the Queensland Department of Health

+ Occupied by Queensland Health to provide doctor and specialist accommodation in close proximity to the Mount Isa Hospital (65m* from the property)

+ Significant landholding of 1,012 sqm* with development upside, moments from Mount Isa City centre

+ Essential service investment crucial to hospital operations and servicing a city population of 18,727**

+ Includes 4 x two bedroom, two bathroom units leased together as one

+ Desirable annual CPI rental reviews

+ Single tenant minimum management investment

+ Strategic position moments from national retailers including Coles, Woolworths, Bunnings, McDonald's, KFC, Subway and Kmart

+ Net Income: $97,134 pa*

For Sale by Investment Portfolio Auction^

10:30am AEST Thursday 7 December 2023

The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.



^unless sold prior

Remember to mention you found this property on CommercialReady

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3. Property Location

4 Dorothy Street, Mornington, QLD, 4825

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4. Due Diligence

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4 Dorothy Street, Mornington, QLD, 4825 Mornington
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