Knight Frank are excited to exclusively offer for sale 9 Brown Avenue, Naval Base via Offers to Purchase.
This offering presents a rare opportunity to acquire a quality asset with secure income from one of Australia’s leading medical operators. The purpose built medical centre has a net lettable area of 615 sqm, with ASX listed Sonic HealthPlus being a long standing tenant, with their current tenure at the location eclipsing over 20 years.
The prominent site of 2,585sqm offers high exposure with its access and frontage to Rockingham Road, whilst being located within the ever growing Industrial precinct of Naval Base and Kwinana.
Businesses such as Alcoa, CSBP, Fremantle Ports, BGC, BP Kwinana Terminal and many others neighbour the centre with the medical centres ‘Occupational Health Services’ being one of its main sources of income. Services such as drug and alcohol tests, employment medicals, specialised medicals, Physiotherapy, injury rehabilitation and much more give the centre a strong patient base and being the only medical centre within Western Australis’s major industrial precinct of Naval Base and Kwinana.
LEASE SUMMARY
- Tenant: Kinetic Health Group Pty Ltd (Sonic HealthPlus)
- Original Lease Term: 10 Years plus 2 x 5 year options
- Expiry: 31/05/2027 with a further 5 year option remaining
- Passing Net Rent: $241,232 pa exc GST
- Rent Reviews: 3.5% Annually with market review at option period
The property is for sale via Offers to Purchase, closing 3pm (AWST), Thursday 27 July 2023, unless sold prior.
For more information please contact the exclusive selling agents.
Cory Dell’Olio
+61 422 177 247
cory.dellolio@au.knightfrank.com
Tony Delich
+61 418 926 410
tony.delich@au.knightfrank.com
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