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Immaculate Day Hospital Investment – Long Lease to 2032 Plus Options

Level 4/58-62 McLeod Street , Cairns QLD

Property Highlights

12 Year Head Lease to 2032 + options
Capital Intensive Upgrade in 2020
Annual Reviews + Ratchet at Market

Description

+ 12 year head lease to 2032 plus options to 2047
+ Annual rent reviews with ratchet clause at market review
+ Tenant pays all usual outgoings
+ Impressive 950sqm whole floor, redeveloped and upgraded in 2020
+ Incorporates reception and waiting, two operating theatres, primary and secondary recovery rooms, oncology infusion centre, Central Sterile Supply Department (CSSD) and Pre and post-operative rooms
+ Cairns: gateway to Australia’s Great Barrier Reef, economic output of $10.25 billion and Australia’s 5th largest regional city with a rapidly growing population of 168,449 people
+ Net Income: $480,910 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
950 SQM
Building Area
950 SQM

Contact Agents

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