IPN Forest Lake - 7 High Street Forest Lake

7 High Street Forest Lake, QLD Australia 4078
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Year Built 2016
Building Area Net
Land Area Net ()
Occupancy 100.0 %

Property description

JLL and Cushman & Wakefield are pleased to present for sale IPN Forest Lake. The property features a purpose-built medical centre, comprising an IPN Medical Centre, Priceline Pharmacy, a swim school and a dental clinic. Conveniently located on a substantial 6,194sqm corner site on High Street, opposite Forest Lake Shopping Centre, the asset offers unparalleled exposure at the centre of a major commercial and retail precinct.

Investment highlights

  • Strategically located on a 6,194 sqm corner site in an established suburban area and key growth corridor
  • Diversified income stream with a complementary tenancy mix, underpinned by reputable medical operator IPN Medical Centres (Sonic Healthcare)
  • First generation lease term with options
  • Total Net Lettable Area of 1,885 sqm*
  • Passing Net Income of $676,000 pa* (as at 1 May 2022)
  • Abundant car parking with 68 at-grade open car spaces.
  • Unique and high performing swim school offering, heavy tenant investment with high barriers to entry

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

IPN Forest Lake 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

There was an error submitting your request. Please try again, or submit you inquiry here.



Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 16 Aug 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.