Sentinel acquires north Queensland medical centres

Sentinel has acquired three Mackay medical centres.

Its total outlay is $22.63 million.

The blended yield is 6.52 per cent.

The assets – 13/17 Dutton Street, Walkerston, 160 Boundary Road, Ooralea and a GP Super Clinic at 1/3 Old Eimeo Rd, Rural View – are leased for 14 years to Gp Mx Solutions which has SmartClinics and Better Medical as stakeholders.

Colliers’ Shalain Singh and Chris O’Driscoll were the sales agents (story continues below).

The properties will seed the Multi-Sector Income Trust.

Sentinel holds Mackay/Townsville real estate valued at $250.8m.

“Mackay has been an important regional market in the national growth and success of Sentinel over the pat decade and the company has tremendous confidence in the region’s economic future,” the manager added.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco