26 Torres Crescent North Lakes QLD 4509

RWC Medical are proud to present for sale Moreton Health Hub - a new purpose built medical centre in the heart of one of Australia's fastest growing regions.

|What|
• A purpose built single level medical centre, newly developed in 2022
• Fully leased to United Medical Centres (UMC) and RAR Therapy, two of the largest primary and secondary private healthcare providers in Australia
• UMC North Lakes is a mixed-billing practice with 8 Full-Time Equivalent (FTE) GP's and longstanding presence in this local community since 2010
• RAR Therapy is a 17 clinic national therapy operator and were one of the first NDIS-registered operators in QLD
• Both tenants leased until 2032, providing a very defensive 8.96 year WALE
• Fully Leased Net Income of $576,696 + GST p.a.

|Where|
• 27km* North of the Brisbane CBD, with highly convenient access from the centre along the Bruce Highway
• Regularly shaped 2,828sqm* land parcel in the award winning master planned community of North Lakes with a catchment of over 23,000 residents
• Within a newly developed business park and surrounded by major national retailers including Costco, Bunnings, McDonald's and Taco Bell
• North Lakes is the commercial hub of Moreton Bay, one of the fastest growing regions in Australia, with its population projected to grow 43% by 2041 to over 690,000 residents

|Why|
• An ultra low maintenance investment with significant depreciation benefits
• Both tenants are on the greater of CPI or 3% annual increases, ensuring minimum 3% increases to 2032
• UMC North Lakes is owned by one of Australia's largest private owners of GP Practices, with locations across QLD and Northern NSW
• Set to open a new subleased Pharmacy in late 2023 - with multiple national operators expressing interest - alongside an existing sublease to 4Cyte Pathology
• A complementary mix of 8 FTE GP's alongside Therapists, Pathology and an incoming Pharmacy enabling the tenants to support each other by driving significant volumes of internal referrals