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Palladium Private, 67 McCarthy Road, Maleny, QLD, 4552

Properties / Buy / Queensland / Maleny

Tenanted Investment

1. Property Summary

Selling Method

Offers to Purchase

Selling Details

Offers to Purchase Closing Thursday 17 October at 4pm (AEST)

Land Area

8.14 hectares (*approx)

Floor Area

81400 m² (*approx)

Property Type

Child/Healthcare

Sub-type

Health Care & Medical

Fully Leased

Sana Health Group

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2. Property Highlights

Leading Sunshine Coast Mental Health Facility with 20 Year Leaseback and 8% Target Yield

Strong Support from DVA Funded Clients
Strong Tenant Covenant
Significant Onsite Infrastructure

Knight Frank is pleased to present Palladium Private Maleny, a mental health facility located within the renowned Sunshine Coast Hinterland and offered for sale with a 20-year leaseback in place plus 4 x 5 year options.

The facility has recently been expanded and refurbished, offering accommodation for up to 24 guests, a 25-metre swimming pool, spring-fed magnesium pool, steam room, gym, therapy rooms and both indoor and outdoor healing spaces.

The property is wholly tenanted by Sana Health Group, which is a portfolio company of Genesis Capital, a leading Australian mid-market healthcare investor.

67 McCarthy Road, Maleny is located on an 8.14 ha* site within the Sunshine Coast Hinterlands. The land holds substantial potential for future development with existing development approval for further expansion of group therapy and recreational areas.

*Approx

Outlines indicative only

Key Investment Highlights of this opportunity inlcude:

- 20-year leaseback to PE-backed tenant with multiple locations across the Eastern seaboard;

- Sustainable, commercial leaseback rates and CPI-linked review mechanism;

- 4 x 5 year options;

- Triple-net lease structure with the Tenant responsible for all outgoings and non-structural R&M;

- The client cohort includes clients who receive support to attend from DVA, with Veterans comprising over 5.5% of the local population^;

- Proven B2C, self-referral model mitigates against risk of relying on Psychiatric and clinical specialist referrals;

- Significant onsite infrastructure, with recent expansion from 18 to 24 beds;

- Existing development approval for further expansion of group therapy and recreational areas;

- Accessible location with proximity to the Sunshine Coast airport with direct flights to cities across Australia and New Zealand;

^Source: Profile ID, 2024

67 McCarthy Road, Maleny is For Sale with a guide price of $10,000,000 via Offers to Purchase Closing Thursday 17th October at 4pm (AEST). The Vendor retains the right at their ultimate discretion to accept or decline any bid at any time.

Remember to mention you found this property on CommercialReady

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