Kawana House - Medical Zoned Freehold Investment

1 Innovation Parkway, Birtinya is a prominent three storey commercial development occupying a large corner positioned on Lake Kawana, Birtinya on Queensland's Sunshine Coast.

Kawana House is the only freehold medical zoned development of this stature available in Birtinya, completed in 2002 with construction over two stages providing a total GFA of 3,305 sqm with a net lettable area of 2,978 sqm, positioned on a 3,599 sqm parcel of land situated within the established "Kawana Business Village" of Oceanside Birtinya.

The "Oceanside" precinct is undergoing a substantial transformation due to the soon to be completed $2b 738 bed Sunshine Coast University Hospital (SCUH), (scheduled to open November 2016) incorporates the Sunshine Coast Health Institute (SCHI) and the recently completed 200 bed Sunshine Coast University Private Hospital, operated by Ramsay Health. The adjoining hospitals will provide specialized care to over 930 bed patients which is larger than the existing Royal Brisbane and Women's Hospital (RBWH) or Princess Alexandra Hospital's in Brisbane.

Kawana House key attributes:

~ Superior waterfront medical zoned freehold development

~ Adjacent to the New Sunshine Coast University Hospital

~ Forms part of Oceanside Kawana - www.oceansidekawana.com.au

~ Multi tenanted investment in a high demand health / commercial precinct

~ Elevated prominent east facing commercial development over three levels

~ Comprehensive zoning provisions with DCP1 - Kawana Business Village

~ 200 metres from the new University of the Sunshine Coast Neuroscience Institute and Research facility

~ Current precinct vacancy sub 4%

Passing annual net income $960,000 (approx.)

Full due diligence material can be requested from exclusive marketing agents CBRE