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Cushman & Wakefield - Sydney

IPN Forest Lake, 7 High Street Forest Lake, QLD 4078

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IPN Forest Lake, 7 High Street,
Forest Lake, QLD 4078

Medical & Consulting • Other

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Sale - Expression of Interest

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Cushman & Wakefield - Sydney

Cushman & Wakefield - Sydney

Level 22, 1 O'Connell Street
SYDNEY, NSW 2000
Cushman & Wakefield - Sydney
IPN Forest Lake, 7 High Street
Forest Lake, QLD 4078

Map of IPN Forest Lake, 7 High Street

Directions
  • Train stations within 5 km of IPN Forest Lake, 7 High Street, Forest Lake, QLD 4078Distance
    Richlands Station3.9 km
    POWERED BY HERE ©
  • Bus stops within 5 km of IPN Forest Lake, 7 High Street, Forest Lake, QLD 4078Distance
    Forest Lake Shops210 m
    Forest Lake BVD at Forest Lake Shops292 m
    Grand Ave East Near Ascot Ave361 m
    Forest Lake BVD at Kensington Way492 m
    Grand Ave at Grand Avenue Cascade539 m
    POWERED BY HERE ©
POWERED BY HERE ©

IPN Forest Lake

JLL and Cushman & Wakefield are pleased to present for sale IPN Forest Lake. The property features a purpose-built medical centre, comprising an IPN Medical Centre, Priceline Pharmacy, a swim school and a dental clinic. Conveniently located on a substantial 6,194sqm corner site on High Street, opposite Forest Lake Shopping Centre, the asset offers unparalleled exposure at the centre of a major commercial and retail precinct.

• Strategically located on a 6,194 sqm corner site in an established suburban area and key growth corridor
• Diversified income stream with a complementary tenancy mix, underpinned by reputable medical operator IPN Medical Centres (Sonic Healthcare)
• First generation lease term with options
• Total Net Lettable Area of 1,885 sqm*
• Passing Net Income of $676,000 pa* (as at 1 May 2022)
• Abundant car parking with 68 at-grade open car spaces.
• Unique and high performing swim school offering, heavy tenant investment with high barriers to entry

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

IPN Forest Lake 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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If you'd like to inspect this property in person, please to arrange a private inspection.

Property ID: 504057311Last Updated: 29 Jun 2022

Cushman & Wakefield - Sydney
Level 22, 1 O'Connell Street
SYDNEY, NSW 2000
JLL - Sydney
Level 25, 420 George Street
SYDNEY, NSW 2000
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