HIGH YIELDING MEDICAL INVESTMENT WITHIN THE HEART OF SOUTHPORT'S PREMION PLACE MEDICAL CENTRE
CBRE Australian Healthcare & Social Infrastructure is proud to exclusively offer for sale 39 White Street, Southport (Lots 1 & 16).
Strategically situated in the heart of the Southport health precinct, this exceptional healthcare asset serves as a cornerstone of the Gold Coast’s vibrant medical landscape. The property boasts a landlord favoured 15-year lease to GenesisCare, extending to 2036, with options to 2066.
Positioned adjacent Southport Private Hospital, 39 White Street is a true healthcare hub, with numerous critical ancillary services supporting multiple surrounding hospitals including Pacific Private, Spendelove Private and Gold Coast University Hospital.
GenesisCare has maintained a long-standing presence and strong patient demand at the subject property with complimentary services including medical office, women's imaging, neurology, pathology, dental and more all providing cross-flow demand.
Adding to investment appeal is a highly attractive lease structure which see's the tenant pay all outgoings inclusive of land tax.
Overview
+15 year lease to GenesisCare to 2036 plus 3 (three) further 10 year options to 2066
+Net Income of $721,997p.a.* + Outgoings & GST
+Tenant pays outgoings including land tax
+Modern and capital intensive improvements inclusive of imaging bunkers and consulting spaces across two separate tenancies.
+Combined building area of 1,236sqm* across both lots benefiting from 9 levels of compatible healthcare and office usage
+Longstanding tenant history first commencing operations in 2008
+Attractive annual reviews of 3% or CPI (whichever is greater)
Location
+Central Gold Coast location positioned within the heart of the Southport Health precinct and only 4km* to the CBD with dense surrounding, office, retail and transport amenity inclusive of Australia Fair (1km*), Southport Central Shopping Malls (400m*) and Southport Station 800m*)
+Landmark medical facility located at the eastern periphery of the Southport medical precinct and adjacent the Southport Private Hospital (450m*), Pacific Private Hospital (550m*), Gold Coast Hospital (4.7km*), Spendelove Private Hospital (1.3km*) and Griffith University Buildings / Gold Coast University (4.3km*)
To be sold via international expressions of interest closing Thursday 27th February 2025 at 2:00pm (AEDT)
For further information, please contact the exclusive sale/leasing and marketing agents:
Sandro Peluso
+61 418 389 757
Jimmy Tat
+61 439 399 118
Marcello Caspani-Muto
+61 417 065 777
Mark Witheriff
+61 439 038 100
*Approximate
Remember to mention you found this property on CommercialReady
Close
