124 Parade Road & 34 Cranbrook Way, Usher WA 6230

+ ASX-Listed Medical Provider
+ Tenant Pays all Outgoings incl Land Tax
+ Greater of CPI or 3% Rent Increases

Burgess Rawson are pleased to offer to market IPN Medical Centre (Sonic Healthcare Ltd) located at 124 Parade Road & 34 Cranbrook Way, Usher (Bunbury) WA, for sale via Auction Investment Portfolio 170.

The property has the following key investment highlights:

+ Renewed Three (3) year net lease to IPN Medical Centres to 2027.

+ Two (2) further 3 year options to 2033.

+ IPN Medical Centres: A subsidiary of Sonic Healthcare Ltd is Australia's largest operator of Medical Centres with over 150 locations providing over 7.6 million patient consultations a year, supported by a network of over 1,600 doctors.(1)

+ Sonic Healthcare Ltd (ASX:SHL): internationally renowned and world leading healthcare provider, employing more than 41,000 people globally and with a current market cap of $12.46 billion.(2)

+ Investor preferred net lease terms with the tenant paying all outgoings including single holding land tax and management fees.

+ Annual rent reviews to the greater of CPI or 3%.

+ Well-maintained 360sqm* purpose-built primary healthcare clinic.

+ Prominent 2,196sqm* main road corner landholding with significant 129m* triple street frontage and 27 on-title car parking spaces.

+ Situated within Usher’s medical precinct adjoining Pharmacy 777 and within 1.5km* of Bunbury Regional Hospital and St John of God Private Hospital Bunbury.

+ Surrounded by important social infrastructure - 10 schools within 3km* radius servicing 4,350+ full-time students. (3)

+ Greater Bunbury: 180km* South of Perth, Bunbury is Western Australia's second largest city with an annual economic output of $11.7 billion and a population expected to exceed 213,000 by 2026.(4)(5)

+ Geographical significance of the area evident through ongoing government and privately funded development projects: Set for completion in 2024, the $1.25 billion Bunbury Outer Ring Road project is the biggest transport infrastructure project ever undertaken in WA's south-west and will provide new and improved access to the Bunbury Region. (6)

+ Net Income: $134,887 pa* + GST + additional solar income.

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 7 August 2024
Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

*Approx.
1 IPN
2 Sonic Healthcare
3 Gapmaps
4 Remplan
5 forecast.id
6 WA GOV