CBRE Australian Healthcare & Social Infrastructure is proud to exclusively offer for sale Lot 1/956 Gympie Road, Chermside.
Located in the heart of one of Brisbane's most vibrant and rapidly growing suburbs, this modern healthcare asset presents a unique investment opportunity in one of the countries most tightly held asset classes. Leased to GenesisCare, a renowned provider of cancer care services with a 15 year extending to 2036, with options to 2066.
The subject property features highly capital intensive improvements across 1,080sqm*. The asset is ideally positioned to benefit from it's high profile placement and all surrounding complimentary healthcare services including Chermside Day Hospital and Chermside Medical Centre.
Adding to investment appeal is a highly attractive lease structure which see's the tenant pay all outgoings inclusive of land tax.
Overview
+15 year lease to GenesisCare to 2036 plus 3 (three) further 10 year options to 2066
+Annual income of $630,871* + Outgoings & GST
+Tenant pays outgoings including land tax
+Purpose built and capital intensive improvements of 1,080sqm*
+Surrounded by dense complimentary usage including Chermside Day Hospital (26m*) and Chermside Medical Centre (29m*) creating immediate demand
+Attractive annual reviews of 3% or CPI (whichever is greater)
Location
+Positioned within the City of Greater Brisbane and under 8km* from the CBD
+High traffic location with dense surrounding services and amenity inclusive of Wheller Retirement Village (650m*), Parkview Aged Care (450m*), Emmaus Village Aged Care (350m*) and immediately adjacent to Chermside Shopping Centre (250m*)
+Chermside has a growing medical industry with the Prince Charles Hospital (2.2km*), Holy Spirit North Side Private Hospital (1.6km*) and multiple further medical centres and specialists clinic emerging on a consistent basis
To be sold via international expressions of interest closing Thursday 27th February 2025 at 2:00pm (AEDT)
For further information, please contact the exclusive sale/leasing and marketing agents:
Sandro Peluso
+61 418 389 757
Jimmy Tat
+61 439 399 118
Marcello Caspani-Muto
+61 417 065 777
Harrison Coburn
+61 400 532 906
*Approximate
