RWC WA & JLL as Exclusive Selling Agents on behalf of RAM are delighted to offer to the market Halls Head Medical Centre for sale by Expressions of Interest (EOI) invited to be submitted Wednesday 8 May 2024 at 2pm (AWST).

Healthcare real estate has evolved into a major emerging asset class with institutional appeal underpinned by its non-cyclical income stream, increasing demand supported by a higher life expectancy and an ageing population in Australia. Additionally, significant government investment and the growth of the Private Health Insurance sector has boosted healthcare expenditure to new heights.

Salient details:

Halls Head Medical Centre: 1, 3 & 5 Peelwood Parade, 66 Mahogany Drive, 1&2/70 Mahogany Drive and 1 Elderberry Circle, Halls Head WA 6210.

Halls Head Medical Centre is positioned in the coastal suburb of Halls Head, some 75km* south of Perth's vibrant Central Business District (CBD). Positioned nearby to an abundance of local amenity and opposite Halls Head Central Shopping Centre and Halls Head Shopping Mall, the Medical Centre offers a complimentary mix of healthcare services. Anchoring the income, Modern Medical Clinics has serviced the local catchment for 20+ years and is well established within the broader area.

• Fully leased medical centre with WALE by Area of 6.88 years
• Underpinned by a highly reputable medical centre operator with 80+ locations nationwide
• Seven specialist medical buildings over seven lots, NLA 1,871m²* and 5,957m²* site with three street frontages
• Diversified income stream leased to Modern Medical Clinics, Clinipath Pathology (subsidiary of ASX listed Sonic Healthcare) and Pharmacy
• All tenants have two 5 year options further underpinning lease security
• Net passing income $1,383,638pa*

*Approximately