Prime Medical Centre Investment 15 Year Net Lease Plus Options

91 Coulson Street , Blackbutt QLD

Property Highlights

15 Year Net Lease + Options to 2063
National Medical Group: 13 Locations
Tenant pays all usual outgoings
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Burgess Rawson and Commercial Collective are pleased to offer to the market this medical centre at 91 Coulson Street, Blackbutt QLD for sale via Investment Portfolio Auction 165.

The property has the following investment highlights:

+ Highly sought-after medical leased asset class
+ Blackbutt Medical Centre: 15 year lease commenced 1 July 2022, plus options to 2062
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and single holding land tax
+ Attractive annual rent increases (greater of CPI or 2.5%) ensuring strong income growth
+ Substantial 1,012 sqm* corner landholding offering 15 valuable on site car spaces
+ High exposure dual street frontage of 66 metres* to Coulson Street and Pine Street
+ Longstanding medical history: business operating in Blackbutt for 23+ years
+ 2013 purpose built medical centre includes Blackbutt Pharmacy and QML Pathology who have over 500 clinics throughout QLD and Northern NSW
+ Blackbutt Medical Centre has a long history within the town and features 6 doctors with no competition in the immediate vicinity
+ Easily managed single tenant investment, allowing interstate or overseas ownership
+ South Burnett: thriving region supporting over 317,500 residents, with a GRP of $14.89b in 2022**
+ Healthcare and Social Infrastructure is the most productive industry within the region, contributing over $1.75b to the economy in 2022**
+ Significant potential tax depreciation benefits, being built new in 2013
+ Net Income: $130,000 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Thursday 7 December 2023
The Hilton, Brisbane

Please contact the exclusively appointed sales team for more information.

** Profile.ID

Property Details

Current Tenant
Occupancy Type
Land Size
1,012 SQM
Building Area
1,012 SQM

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