Rare, Freestanding Medical Pad Site | Gateway to $40 million Coles Shopping Centre

Burgess Rawson is pleased to offer to market a premium medical centre located at 40 Sapphire Street, Springfield (Ipswich) QLD for sale via our Investment Auction Portfolio 160.

The property has the following investment highlights:

+ Premium standalone medical centre with a 19 year lease to 2028 plus options to 2038
+ ForHealth: blue-chip healthcare operator with a network of over 80 medical and dental centres, providing 8 million consultations annually**
+ Secure, set-and-forget net lease structure with ForHealth responsible for all outgoings including single holding land tax and management fees
+ Strong and certain income growth with fixed annual, compounding 3% increases
+ Offers substantial depreciation benefits with $270,000 (73%) of current years rent potentially tax free
+ Landlord favourable, single-tenanted medical investment including medical centre, dentistry, radiology, pathology and allied health
+ 1,374sqm* freehold site with dual street frontage and access to ample parking
+ Immaculate 773sqm* facility with a capital intensive fit-out including CT scanner and X-Ray
+ Seamless integration with the $40 million Springfield Fair Shopping Centre, a major neighbourhood shopping destination anchored by Coles Supermarket and BWS – supported by 21 specialty tenants and over 277 car park spaces
+ High profile location, with McDonald’s, KFC, Hungry Jack’s, Reece Plumbing, Tradelink, Bridgestone, 7-Eleven and United Petroleum all within 400 metres*
+ Surrounded by important social infrastructure including the new $45 million University of Southern Queensland, two main train stations and 5 major schools within 3km* servicing over 6,735 full time students***
+ The subject property is the only large (10+ GP’s) medical centre within a 6km* radius, with 15 GP’s***
+ Springfield City: 22km* from Brisbane CBD: Australia’s largest master-planned city, forecast to grow 130% to over 115,000 by 2036****
+ Springfield City: located within the City of Ipswich, the fastest-growing municipality in Queensland, with population forecast to surge 122% to 520,000 by 2041*****
+ Net Income: $371,418 pa* + GST

To be sold by Investment Portfolio Auction (unless sold prior)
10:30am AEST Thursday 11 May 2023
The Hilton, Brisbane

*Approx.
**ForHealth
***GapMaps
****Greater Springfield
*****Ipswich QLD Government