7 High StreetForest Lake QLD 4078
Property Details for 7 High St, Forest Lake
Last Listing description (April 2023)
JLL and Cushman & Wakefield are pleased to present for sale IPN Forest Lake. The property features a purpose-built medical centre, comprising an IPN Medical Centre, Priceline Pharmacy, a swim school and a dental clinic. Conveniently located on a substantial 6,194sqm corner site on High Street, opposite Forest Lake Shopping Centre, the asset offers unparalleled exposure at the centre of a major commercial and retail precinct.
Strategically located on a 6,194 sqm corner site in an established suburban area and key growth corridor
First generation lease term with options
Total Net Lettable Area of 1,885 sqm*
Passing Net Income of $676,000 pa* (as at 1 May 2022)
Abundant car parking with 68 at-grade open car spaces.
Unique and high performing swim school offering, heavy tenant investment with high barriers to entry
The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).
IPN Forest Lake 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
Property History for 7 High St, Forest Lake, QLD 4078
- 20 Dec 2023Sold for $10,000,000
- 27 Apr 2022Listed for Sale Contact the exclusive agents
- 30 Sep 2019Listed for Rent - Price not available
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About Forest Lake 4078
The size of Forest Lake is approximately 9.9 square kilometres. It has 36 parks covering nearly 15.4% of total area. The population of Forest Lake in 2011 was 22,426 people. By 2016 the population was 22,896 showing a population growth of 2.1% in the area during that time. The predominant age group in Forest Lake is 40-49 years. Households in Forest Lake are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forest Lake work in a professional occupation. In 2011, 65.5% of the homes in Forest Lake were owner-occupied compared with 68.4% in 2016.
Forest Lake has 8,448 properties. Over the last 5 years, Houses in Forest Lake have seen a 89.86% increase in median value, while Units have seen a 99.03% increase. As at 31 October 2024:
- The median value for Houses in Forest Lake is $860,835 while the median value for Units is $536,113.
- Houses have a median rent of $600 while Units have a median rent of $450.
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