695 Sandgate Road Clayfield QLD 4011

Patona Property are proud to present the opportunity to acquire College Junction Medical Centre, 695 Sandgate Road, Clayfield QLD.

College Junction Medical Centre is purpose-built, landmark healthcare asset strategically situated in the highly affluent, well-connected inn-north of Brisbane.

- 100% leased, 6* year WALE with staggered lease expiry providing long-dated, consistent income.

- $2,158,770* net annual income.

- Strong YoY cashflow with net lease structures and minimum 3.5% fixed annual increases***

- Dominant healthcare investment underpinned by industry-leading occupiers including Qscan Group, Queensland Eye Institute, Ramsay Health Care and SmartClinics Family Medical Centres.

- Near-new, purpose-built healthcare building with depreciation benefits and minimal CAPEX.

- First generation leases are aligned to current economic rents, with new to building occupiers below market rents showing income is supported by sustainable income, with strong headroom.

- Opportunity to expand total building lettable area on the rooftop by 26% (758sqm GFA**), capitalising on real demand for high quality healthcare and office accommodation.

- 60 basement car parks which have proven to be integral to occupier and building performance.

- Brisbane is an economic growth powerhouse, driven by dynamic population growth and robust infrastructure development.

The asset's high-profile position on Sandgate Road a major thoroughfare connecting to Brisbane's CBD makes for a highly accessible destination for a wide range of healthcare and ancillary services.

A 100% freehold interest in College Junction Medical Centre is for sale via Expressions of Interest closing Thursday 27 February 2025 at 4pm (AEST).

* approximately
** Subject to DA approval
*** except SmartClinics tenancy. Aurora Realty lease commences 7 March 2025