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687-689 Old Cleveland Road East, Wellington Point, QLD, 4160
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1. Property Summary
Land Area
3,004 m² (*approx)
Floor Area
1796 m² (*approx)
Property Type
Child/Healthcare
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2. Property Highlights
NEAR NEW MEDICAL CENTRE WITH 7.09 YEAR WALE
In the current climate, this is a rare opportunity to secure a 'pandemic proof' medical investment with significant depreciation benefits (up to $5,000,000** in deductions in total).
Key Investment Highlights:
- On offer is a near new and purpose built medical investment that is fully leased with a long 7.09* year WALE (by income).
- Unique opportunity to secure a defensive investment that is underpinned by essential service tenants who are insulated against current global conditions.
- Complimentary mix of medical and health related tenants including Pharmacy @ Wellington Point, Every Bodies Health Clinic, My Audiology and East Coast Compounding Pharmacy.
- 80% of tenants are on 5-15 year lease terms with landlord favourable net lease structures, minimising exposure to outgoings.
- Nearly half of the purchaser's first year of net income could potentially be free of income tax (subject to the purchaser's taxation status)**.
- Strategically located in the established precinct of Wellington Point which is just 21km* East of the Brisbane CBD.
- 50m* of direct frontage to over 16,600^ vehicles that use Old Cleveland Road E daily.
- Substantial ground and basement parking including 43 on grade car parks (very generous of ratio of 1:23* per sqm of lettable area).
- Fully leased net income of $675,448 + GST pa.
Ray White Commercial QLD are pleased to offer a rare medical investment for sale via Auction at level 26, 111 Eagle Street, Brisbane QLD at 10:15am on Friday 10 September 2021 (AEST).
* Approximately
** PEP Solutions
^ Sitewisely
Remember to mention you found this property on CommercialReady.com.au
Read More
Tenanted Investment
1. Property Summary
Property Type
Child/Healthcare
Land Area
3,004 m² (*approx)
Floor Area
1796 m² (*approx)
2. Property Highlights
NEAR NEW MEDICAL CENTRE WITH 7.09 YEAR WALE
In the current climate, this is a rare opportunity to secure a 'pandemic proof' medical investment with significant depreciation benefits (up to $5,000,000** in deductions in total).
Key Investment Highlights:
- On offer is a near new and purpose built medical investment that is fully leased with a long 7.09* year WALE (by income).
- Unique opportunity to secure a defensive investment that is underpinned by essential service tenants who are insulated against current global conditions.
- Complimentary mix of medical and health related tenants including Pharmacy @ Wellington Point, Every Bodies Health Clinic, My Audiology and East Coast Compounding Pharmacy.
- 80% of tenants are on 5-15 year lease terms with landlord favourable net lease structures, minimising exposure to outgoings.
- Nearly half of the purchaser's first year of net income could potentially be free of income tax (subject to the purchaser's taxation status)**.
- Strategically located in the established precinct of Wellington Point which is just 21km* East of the Brisbane CBD.
- 50m* of direct frontage to over 16,600^ vehicles that use Old Cleveland Road E daily.
- Substantial ground and basement parking including 43 on grade car parks (very generous of ratio of 1:23* per sqm of lettable area).
- Fully leased net income of $675,448 + GST pa.
Ray White Commercial QLD are pleased to offer a rare medical investment for sale via Auction at level 26, 111 Eagle Street, Brisbane QLD at 10:15am on Friday 10 September 2021 (AEST).
* Approximately
** PEP Solutions
^ Sitewisely
Remember to mention you found this property on CommercialReady.com.au
Read More
