233 Lester Avenue,
Geraldton, WA 6530
Medical & Consulting • Shops & Retail • Offices
Price information
Sale - Expression of Interest
Expressions of Interest closing 8 May 2024
Key property information
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$834,642
Number of Tenants
1 Tenant
Private inspections
to arrange a private inspection.
JLL - Sydney
Level 27, 180 George StreetSYDNEY, NSW 2000
233 Lester Avenue
Geraldton, WA 6530
Map of 233 Lester Avenue
Bus stops within 5 km of 233 Lester Avenue, Geraldton, WA 6530 Distance Lester Av Before Fitzgerald St 84 m Fitzgerald St After Sanford St 174 m Maitland St After Augustus St 221 m Augustus St After Fitzgerald St 291 m Holland St After Augustus St 306 m POWERED BY HERE ©
POWERED BY HERE ©
Panaceum Medical Centre - Outstanding, secure investment opportunity
RWC WA & JLL as Exclusive Selling Agents on behalf of RAM are delighted to offer to the market Panaceum 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:
Panaceum Medical Centre - 233 Lester Avenue and 41 Fitzgerald Street, Geraldton WA 6530
Panaceum Medical Centre presents a rare opportunity to secure a strongly performing medical centre with a net rental profile and long-term tenant lead options. Strategically located nearby to substantial local amenity including Geraldton beach, Nagle Catholic College and Stirlings Central Shopping Centre. The specialist medical centre is underpinned by 16 doctors and offers ancillary services including pathology, pharmacy, pediatrics, physiotherapy, podiatry, psychology, physical rehabilitation and industrial healthcare.
• Multidisciplinary healthcare team
• Situated on a substantial 6,035m²* land area with two street frontages and 84* car bays
• Fully leased medical centre with WALE by Area of 7.59 years
• Two stand alone adjacent buildings with a total NLA of 1,879m²*
• Leased to Panaceum Medical Group, serving Geraldton since 1952
• Net Passing Income $834,642pa*
*Approximately
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:
Panaceum Medical Centre - 233 Lester Avenue and 41 Fitzgerald Street, Geraldton WA 6530
Panaceum Medical Centre presents a rare opportunity to secure a strongly performing medical centre with a net rental profile and long-term tenant lead options. Strategically located nearby to substantial local amenity including Geraldton beach, Nagle Catholic College and Stirlings Central Shopping Centre. The specialist medical centre is underpinned by 16 doctors and offers ancillary services including pathology, pharmacy, pediatrics, physiotherapy, podiatry, psychology, physical rehabilitation and industrial healthcare.
• Multidisciplinary healthcare team
• Situated on a substantial 6,035m²* land area with two street frontages and 84* car bays
• Fully leased medical centre with WALE by Area of 7.59 years
• Two stand alone adjacent buildings with a total NLA of 1,879m²*
• Leased to Panaceum Medical Group, serving Geraldton since 1952
• Net Passing Income $834,642pa*
*Approximately
Additional information
External websites
Property ID: 504574804Last Updated: 24 Apr 2024
JLL - SydneyLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
RWC - WA12-14 The Esplanade
PERTH, WA 6000
PERTH, WA 6000
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