RWC Retail & RWC TradeCoast 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
26 Torres Crescent, North Lakes QLD will be auctioned on 28th July 2023, 9:45am
