SOLD
Sold on 05 Feb 2024 for $7,100,000

4 Centre Court
Chuwar QLD 4306

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3485m2
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Property Details for 4 Centre Ct, Chuwar

Building Type
Commercial
Land Size
3485m2
Local Government
Ipswich
Lot/Plan
1/SP298899

Last Listing description (November 2023)

Burgess Rawson is pleased to offer to market the Karalee Medical Centre located at 4 Centre Court, Chuwar (Ipswich) QLD, for sale via our Investment Auction Portfolio 165.

The property has the following investment highlights:

+ Premium standalone healthcare investment with a significant 4.8 year WALE

+ 78.5% of income underpinned by Health Matters with options to 2034, an established medical group with two centres across Ipswich
+ Supported by long-term leases to complimentary allied health providers Target Physiotherapy and F45 each with 5 year options
+ Set-and-forget net lease structure with tenants responsible for all outgoings
+ CPI and fixed 3% & 3.5% annual rent reviews
+ Constructed in 2019, offering modern infrastructure and significant tax depreciation benefits
+ Expansive 3,485sqm* freehold site comprising an impressive 997sqm* medical complex with 41 on-site car spaces
+ Seamless integration with the recently redeveloped $80 million Karalee Village Shopping Centre, a major neighbourhood shopping destination anchored by Woolworths and Coles supermarkets, supported by 38 specialty tenants and over 340 car park spaces
+ The property is the only large (10+ GP's) medical centre within a 6km* radius, with 15 GP's and 7 nurses***
+ Karalee: located in the City of Ipswich - 6th fastest growing metropolitan location in Australia with forecast population growth of 120% to 520,000+ by 2041
+ Net Income: $463,700 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 7 December 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Property History for 4 Centre Ct, Chuwar, QLD 4306

A timeline of how this property has performed in the market
Last Sold
$7,100,000
05 Feb 2024
  • 05 Feb 2024
    Sold for $7,100,000
  • 06 Nov 2023
    Listed for Sale Price on Request

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About Chuwar 4306

The size of Chuwar is approximately 17.9 square kilometres. It has 13 parks covering nearly 3.6% of total area. The population of Chuwar in 2011 was 1,876 people. By 2016 the population was 2,268 showing a population growth of 20.9% in the area during that time. The predominant age group in Chuwar is 10-19 years. Households in Chuwar are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chuwar work in a professional occupation. In 2011, 79% of the homes in Chuwar were owner-occupied compared with 72.7% in 2016.

Chuwar has 885 properties. Over the last 5 years, Houses in Chuwar have seen a 98.20% increase in median value. As at 30 November 2024:

  • The median value for Houses in Chuwar is $925,959 while the median value for Units is $412,675.
  • Houses have a median rent of $550.
There are currently 8 properties listed for sale, and 2 properties listed for rent in Chuwar on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Chuwar.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.