Rare medical investment opportunity hits the market

With medical centre assets in high demand due to the pandemic, 1808 Logan Road, Upper Mount Gravatt, provides the perfect opportunity to snap up a piece of the action.

Located just 13.9km from the Brisbane CBD and 1.2km from Garden City shopping centre, the Mt Gravatt Medical Precinct is a purpose built medical centre with a total lettable area of 4228sqm.

Ray White Commercial TradeCoast agent Franz Stapelberg said the property was leased to a mix of primary and allied healthcare operators including Ramsay Healthcare, One Care Family GP Clinic, CODA Disability Support, and My OT Crew.

“Mt Gravatt Medical Precinct presents a unique opportunity to secure a defensive investment with security from global pandemic conditions,” Mr Stapelberg said.

“These leased medical investments are being offered to the market for the first time and consist of four primary and allied health operators across 1244sqm.

“The medical precinct is an architecturally designed, four- storey dedicated medical and specialist centre with 147 car parks which include 70 patient car parks and ambulance bay.”

The investment offers a net annual income of $705,099 with a WALE of 5.66.

The property is for sale via expressions of interest closing at 4pm on October 15.

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