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JLL and Cushman & Wakefield are pleased to present for sale a rare opportunity to acquire a modern purpose-built, fully leased medical/social infrastructure asset, Rockingham Medical Centre. The asset features a strong lease covenant with underlying income underpinned by major medical and government tenants including ForHealth (previously Healius), Centrelink and Department of Communities (Child Protection) WA.
- Ideally positioned within Rockingham Strategic Metropolitan Centre, adjacent to Vicinity-owned Rockingham City Shopping Centre.
- Blue Chip Tenant - Market leading health care operator ForHealth occupying some 52%* of total NLA.
- Supported by ground floor pharmacy, medical and restaurant providing unparalleled volume of foot traffic throughout the precinct.
- Total Net Lettable Area of 3,628 sqm*
- Passing Net Income of $1.18m pa* (as at 1 May 2022)
- 3 year WALE (by Income)
- Abundant car parking within adjoining council car park.
- Strong population growth forecast to increase by 68% over the next 20 years.
The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).
Rockingham Medical Centre is available individually or as part of the National Healthcare Portfolio. The Portfolio includes 9 securely leased medical assets across four states, with a combined net income of $7.32 million, and anchored by a range of blue chip national medical tenants such as Aurora, Nexus Day Hospitals, ForHealth, St Vincents and IPN Medical Centres.
The Portfolio includes:
- Kogarah Private Hospital, 1 Derby Street, Kogarah NSW
- Chermside Medical Complex, Lots 2-6 & 9-10, 956 Gympie Road, Chermside QLD
- IPN Logan Central, 295 Kingston Road, Logan Central QLD
- IPN Forest Lake, 7 High Street, Forest Lake QLD
- Mackay Private Hospital, 57 Norris Road, Mount Pleasant QLD
- Gympie Private Hospital, 74-86 Channon Street, Gympie QLD
- Modern Medical Spotswood, 196 Hall Street, Spotswood VIC
- St Vincent's Specialist Centre, 574 Melton Highway, Sydenham VIC
- Rockingham Medical Centre, 18 Civic Boulevard, Rockingham WA