SOLD
Sold on 19 Mar 2024 for $13,700,000

24 Sundew Rise
Joondalup WA 6027

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1320m2
Land area: 2368m2
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Property Details for 24 Sundew Rise, Joondalup

Building Type
Commercial
Year Built
2019
Floor Size
1320m2
Land Size
2368m2
Local Government
Joondalup
Lot/Plan
19/P402043

Last Listing description (September 2023)

CBRE and JLL are proud to exclusively present for sale Sundew Day Surgery, a two-story purpose-built day hospital leased to Nexus Hospitals, one of Australia's largest day hospital platforms with 29 locations across six states and territories nationally.

Constructed in 2019, the facility is a purpose-built, short-stay day surgery consisting of two operating theatres, a procedure room, seven 23-hour beds and a full range of specialist offerings. The facility was constructed with exceptional patient care in mind and comprises the latest technology for Mohs, orthopaedic and ophthalmic surgery.


Sundew Day Surgery is located in Perth's primary northern suburbs medical precinct. Joondalup is the centre of the high-growth northern corridor, approximately 25km north of the Perth CBD. The modern facility is conveniently positioned nearby to healthcare and education infrastructure including Joondalup Private Hospital, Joondalup Health Campus and Edith Cowan University.

Key Investment Information:
Address: 24 Sundew Rise, Joondalup WA 6027
Net Lettable Area (NLA): 1,525m*
Site Area: 2,368m*
Local Government Area: City of Joondalup
Zoning: Centre
Tenant: Nexus Hospitals
Net Income: $854,753 per annum +GST**
Term: 10 years commenced February 2020
Options: Two, 5 year options
WALE: 6.36 years** (Income)
Car Parking: 25 bays

*Approximately
**Approximately as at 1 October 2023

Sundew Day Surgery, is for Sale via Expressions of Interest (EOI) closing Thursday 19th October 2023 at 2.00pm (AWST)/ 5:00pm (AEDT).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Derek Barlow
Director, CBRE
+61 417 941 478

Lachlan Andrew
Associate, CBRE
+61 426 890 080

Simon Quinn
Senior Director, JLL
+61 409 261 276

Nigel Freshwater
Senior Director, JLL
+61 417 197 375

Thomas Thorsen
Senior Executive, JLL
+61 488 444 022

Property History for 24 Sundew Rise, Joondalup, WA 6027

A timeline of how this property has performed in the market
Last Sold
$13,700,000
19 Mar 2024
  • 19 Mar 2024
    Sold for $13,700,000
  • 18 Sep 2023
    Listed for Sale Expressions of Interest closing 19th October 2023
  • 30 Nov 2020
    Sold for $12,650,000
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About Joondalup 6027

The size of Joondalup is approximately 10.6 square kilometres. It has 29 parks covering nearly 24.8% of total area. The population of Joondalup in 2011 was 9,197 people. By 2016 the population was 9,098 showing a population decline of 1.1% in the area during that time. The predominant age group in Joondalup is 20-29 years. Households in Joondalup are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Joondalup work in a professional occupation. In 2011, 54.4% of the homes in Joondalup were owner-occupied compared with 56% in 2016.

Joondalup has 5,216 properties. Over the last 5 years, Houses in Joondalup have seen a 76.98% increase in median value, while Units have seen a 91.27% increase. As at 31 October 2024:

  • The median value for Houses in Joondalup is $831,243 while the median value for Units is $554,295.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 50 properties listed for sale, and 27 properties listed for rent in Joondalup on OnTheHouse. According to CoreLogic's data, 331 properties were sold in the past 12 months in Joondalup.

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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.