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124 Parade Road
Usher WA 6230
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Sold on 7 Aug 2024

124 Parade Road Usher WA 6230

  • Medical / Consulting
  • 360 m²
  • Sold

High Yielding ASX-Listed Medical Investment | Renewed 3 Year Net Lease Plus Options to 2033

    Burgess Rawson are pleased to offer to market IPN Medical Centre (Sonic Healthcare Ltd) located at 124 Parade Road & 34 Cranbrook Way, Usher (Bunbury) WA, for sale via Auction Investment Portfolio 170.

    The property has the following key investment highlights:

    + Renewed Three (3) year net lease to IPN Medical Centres to 2027.
    + Two (2) further 3 year options to 2033.
    + IPN Medical Centres: A subsidiary of Sonic Healthcare Ltd is Australia's largest operator of Medical Centres with over 150 locations providing over 7.6 million patient consultations a year, supported by a network of over 1,600 doctors.(1)
    + Sonic Healthcare Ltd (ASX:SHL): internationally renowned and world leading healthcare provider, employing more than 41,000 people globally and with a current market cap of $12.46 billion.(2)
    + Investor preferred net lease terms with the tenant paying all outgoings including single holding land tax and management fees.
    + Annual rent reviews to the greater of CPI or 3%.
    + Well-maintained 360sqm* purpose-built primary healthcare clinic.
    + Prominent 2,196sqm* main road corner landholding with significant 129m* triple street frontage and 27 on-title car parking spaces.
    + Situated within Usher's medical precinct adjoining Pharmacy 777 and within 1.5km* of Bunbury Regional Hospital and St John of God Private Hospital Bunbury.
    + Surrounded by important social infrastructure - 10 schools within 3km* radius servicing 4,350+ full-time students. (3)
    + Greater Bunbury: 180km* South of Perth, Bunbury is Western Australia's second largest city with an annual economic output of $11.7 billion and a population expected to exceed 213,000 by 2026.(4)(5)
    + Geographical significance of the area evident through ongoing government and privately funded development projects: Set for completion in 2024, the $1.25 billion Bunbury Outer Ring Road project is the biggest transport infrastructure project ever undertaken in WA's south-west and will provide new and improved access to the Bunbury Region. (6)
    + Net Income: $134,887 pa* + GST + additional solar income.

    For Sale by Investment Portfolio Auction
    10:30am AEST Wednesday 7 August 2024
    Crown Casino, Melbourne

    Please contact the exclusively appointed sales team for more information.

    *Approx.
    1 IPN
    2 Sonic Healthcare
    3 Gapmaps
    4 Remplan
    5 forecast.id
    6 WA GOV

    AUCTION

    Auction date and time07/08/2024 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold7 Aug 2024
    Floor Area360 m²
    Land Area2,196 m²
    ParkingAsk Agent
    Property ID2019356381
    Category
    Last updated  8 Aug 2024
    Map for 124 Parade Road Usher WA 6230
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold7 Aug 2024
    Floor Area360 m²
    Land Area2,196 m²
    ParkingAsk Agent
    Property ID2019356381
    Category
    Last updated  8 Aug 2024

    Co-Agents

    Jamie Perlinger
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 315
    Sam Mercuri
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 709

    More about 124 Parade Road Usher WA 6230

    124 Parade Road Usher WA 6230 is categorized as Medical & Consulting Property. It has a floor area of 360 m² and a land area of 2,196 m². The listing ID for this property is 2019356381.

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