Regional Queensland medical centre trades for $11m
A purpose-built medical centre 210 kilometres west of Brisbane has sold for $10.8 million – a 7.3 per cent yield.
The 10-year-old Ochre Medical Centre contains 1676 square metres leased to six businesses including pathology and diagnostic imaging providers and a GP.
The site spans 4839 sqm with 195 metres street frontage, and 70 car parks.
The Woolworths-anchored Dalby Shoppingworld is about 200m away.
Dalby Hospital is about 1.5 kilometres away
Ochre Medical Centre
The Ochre Medical Centre at 37-41 North Street is the only full-service private medical facility within an hour’s drive of Dalby.
Ochre Health is the anchor on a lease expiring in five years (continues below).
Leases include fixed annual rent reviews linked to CPI plus one-per-cent.
Tenants pay all outgoings including land tax.
“Healthcare is one of the most essential services in regional Australia and investors are recognising the importance of the assets that provide them, demonstrated by the depth of offers received,” Stonebridge Property Group’s Thomas Proberts, who brokered the deal with Tom Moreland, Harrison Coburn and James Fremantle, said.
The deal comes two months since realestatesource.com.au reported Zerra applied to develop a landmark data centre campus, 37 kilometres north-west of Dalby.
Three months ago, a Hungry Jack’s investment in central Dalby traded for $6.2m, a 4.74pc yield.
Meanwhile in June, fund manager Deltine acquired the city’s Drovers Motor Inn, the largest motel in the Western Downs and the only one with a conference centre.
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