Gympie Private Hospital - 74-86 Channon Street, Gympie

JLL and Cushman & Wakefield are pleased to present for sale Gympie Private Hospital. Fully leased to Healthe Care until July 2030, the investment offering is a unique opportunity to acquire a fantastic value add or redevelopment potential with unrivalled prominence.

• Unrivalled position in the heart of Gympie only 420m* to the 85-bed Gympie Public Hospital.
• Strong lease covenant underpinned by a national medical operator Healthe Care
• Total Net Lettable Area of 2,176 sqm*
• Passing Net Income of $574,000 pa* (as at 1 May 2022)
• Defensive Income stream with a 8.17 year WALE (by Income)
• Flexible options for adaptive re-use such as Aged Care, medical, allied health services.
• The facility remains the only private hospital facility in Gympie, offering ongoing opportunities to re-instate a private hospital operator with capacity for 40 beds and 2 operating theatres.

The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).

Gympie Private Hospital is available individually or as part of the National Healthcare Portfolio. The Portfolio includes 9 securely leased medical assets across four states, with a combined net income of $7.32 million, and anchored by a range of blue chip national medical tenants such as Aurora, Nexus Day Hospitals, ForHealth, St Vincents and IPN Medical Centres.

The Portfolio includes:

• Kogarah Private Hospital, 1 Derby Street, Kogarah NSW
• Chermside Medical Complex, Lots 2-6 & 9-10, 956 Gympie Road, Chermside QLD
• IPN Logan Central, 295 Kingston Road, Logan Central QLD
• IPN Forest Lake, 7 High Street, Forest Lake QLD
• Mackay Private Hospital, 57 Norris Road, Mount Pleasant QLD
• Gympie Private Hospital, 74-86 Channon Street, Gympie QLD
• Modern Medical Spotswood, 196 Hall Street, Spotswood VIC
• St Vincent's Specialist Centre, 574 Melton Highway, Sydenham VIC
• Rockingham Medical Centre, 18 Civic Boulevard, Rockingham WA