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Chermside Medical Complex, 956 Gympie Road Chermside, QLD 4032


Chermside Medical Complex, 956 Gympie Road,
Chermside, QLD 4032

Medical & Consulting • Other

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Sale - Expression of Interest

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Map of Chermside Medical Complex, 956 Gympie Road

  • Train stations within 5 km of Chermside Medical Complex, 956 Gympie Road, Chermside, QLD 4032Distance
    Geebung Station2.4 km
    Zillmere Station2.6 km
    Sunshine Station2.7 km
    Virginia Station3.3 km
    Carseldine Station3.8 km
  • Bus stops within 5 km of Chermside Medical Complex, 956 Gympie Road, Chermside, QLD 4032Distance
    Murphy Rd at Marchant Park399 m
    Gympie Rd Near Murphy Rd457 m
    Hamilton Rd at Farnell Street462 m
    Hamilton Rd at Chermside503 m
    Webster Rd at Milburn Street657 m

Chermside Medical Complex

JLL and Cushman & Wakefield are pleased to present for sale Lots 2-6 & 9-10 of the Chermside Medical Complex. The property features a modern purpose-built medical facility anchored by CURA Group in addition to I-Med Radiology, Ophthalmology, Pharmacy, Sullivan Nicolaides Pathology and café.

• Located in an established healthcare facility enjoying tremendous passing traffic
• Excellent tenant covenants underpinned by CURA Group and a strong GP Medical Centre
• Total Net Lettable Area of 2,366 sqm*
• Passing Net Income of $1.3m pa* (as at 1 May 2022)
• Defensive Income stream with a 4 year WALE (by Income)
• Value add potential through unlocking and acquiring remaining strata
• Multiple exit strategies

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

Chermside Medical Complex 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

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Property ID: 504057319Last Updated: 26 Jul 2022 logo
Chermside Medical Complex, 956 Gympie Road
Chermside, QLD 4032
JLL - Sydney
Level 25, 420 George Street
Cushman & Wakefield - Sydney
Level 22, 1 O'Connell Street
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