Gympie Private Hospital - 74-86 Channon Street, Gympie

74-86 Channon Street Gympie, QLD Australia 4570
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
Cap Rate N/A

Key facts

Year Built 2000
Building Area Net
Occupancy 100.0 %

Property description

JLL and Cushman & Wakefield are pleased to present for sale Gympie Private Hospital. Fully leased to Healthe Care until July 2030, the investment offering is a unique opportunity to acquire a fantastic value add or redevelopment potential with unrivalled prominence.

Investment highlights

  • Unrivalled position in the heart of Gympie only 420m* to the 85-bed Gympie Public Hospital.
  • Strong lease covenant underpinned by a national medical operator Healthe Care
  • Total Net Lettable Area of 2,176 sqm*
  • Passing Net Income of $574,000 pa* (as at 1 May 2022)
  • Defensive Income stream with a 8.17 year WALE (by Income)
  • Flexible options for adaptive re-use such as Aged Care, medical, allied health services.
  • The facility remains the only private hospital facility in Gympie, offering ongoing opportunities to re-instate a private hospital operator with capacity for 40 beds and 2 operating theatres.

The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).

Gympie Private Hospital is available individually or as part of the National Healthcare Portfolio. The Portfolio includes 9 securely leased medical assets across four states, with a combined net income of $7.32 million, and anchored by a range of blue chip national medical tenants such as Aurora, Nexus Day Hospitals, ForHealth, St Vincents and IPN Medical Centres.

The Portfolio includes:

  • Kogarah Private Hospital, 1 Derby Street, Kogarah NSW
  • Chermside Medical Complex, Lots 2-6 & 9-10, 956 Gympie Road, Chermside QLD
  • IPN Logan Central, 295 Kingston Road, Logan Central QLD
  • IPN Forest Lake, 7 High Street, Forest Lake QLD
  • Mackay Private Hospital, 57 Norris Road, Mount Pleasant QLD
  • Gympie Private Hospital, 74-86 Channon Street, Gympie QLD
  • Modern Medical Spotswood, 196 Hall Street, Spotswood VIC
  • St Vincent's Specialist Centre, 574 Melton Highway, Sydenham VIC
  • Rockingham Medical Centre, 18 Civic Boulevard, Rockingham WA
Last Updated Date: 16 Aug 2022

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Last Updated Date: 16 Aug 2022

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