74-86 Channon StreetGympie QLD 4570
Property Details for 74-86 Channon St, Gympie
Last Listing description (April 2023)
JLL and Cushman & Wakefield are pleased to present for sale Gympie Private Hospital. Fully leased to Healthe Care until July 2030, the investment offering is a unique opportunity to acquire a fantastic value add or redevelopment potential with unrivalled prominence.
Unrivalled position in the heart of Gympie only 420m* to the 85-bed Gympie Public Hospital.
Total Net Lettable Area of 2,176 sqm*
Passing Net Income of $574,000 pa* (as at 1 May 2022)
Defensive Income stream with a 8.17 year WALE (by Income)
Flexible options for adaptive re-use such as Aged Care, medical, allied health services.
The facility remains the only private hospital facility in Gympie, offering ongoing opportunities to re-instate a private hospital operator with capacity for 40 beds and 2 operating theatres.
The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).
Gympie Private Hospital 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 74-86 Channon St, Gympie, QLD 4570
- 20 Dec 2023Sold for $6,500,000
- 27 Apr 2022Listed for Sale Contact the exclusive agents
- 09 Aug 2016Listed for Rent - Price not available
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About Gympie 4570
The size of Gympie is approximately 15.2 square kilometres. It has 32 parks covering nearly 13.9% of total area. The population of Gympie in 2011 was 10,156 people. By 2016 the population was 10,787 showing a population growth of 6.2% in the area during that time. The predominant age group in Gympie is 0-9 years. Households in Gympie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gympie work in a labourer occupation. In 2011, 57.8% of the homes in Gympie were owner-occupied compared with 54.1% in 2016.
Gympie has 6,444 properties. Over the last 5 years, Houses in Gympie have seen a 109.85% increase in median value, while Units have seen a 52.53% increase. As at 31 October 2024:
- The median value for Houses in Gympie is $535,194 while the median value for Units is $394,424.
- Houses have a median rent of $495 while Units have a median rent of $350.
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