124/34 Cranbrook Way

Usher WA 6230

+ ASX-Listed Medical Provider+ Tenant Pays all Outgoings incl Land Tax+ Greater of CPI or 3% Rent IncreasesBurgess Rawson are pleased to offer to market IPN Medical Centre (Sonic Healthcare Ltd) located at 124 Parade Road & 34 Cranbrook Way, Usher (Bunbury) WA, for sale via Auction Investment Portfolio 170.The property has the following key investment highlights:+ Renewed Three (3) year net lease to IPN Medical Centres to 2027.+ Two (2) further 3 year options to 2033.+ IPN Medical Centres: A subsidiary of Sonic Healthcare Ltd is Australia's largest operator of Medical Centres with over 150 locations providing over 7.6 million patient consultations a year, supported by a network of over 1,600 doctors.(1)+ Sonic Healthcare Ltd (ASX:SHL): internationally renowned and world leading healthcare provider, employing more than 41,000 people globally and with a current market cap of $12.46 billion.(2)+ Investor preferred net lease terms with the tenant paying all outgoings including single holding land tax and management fees.+ Annual rent reviews to the greater of CPI or 3%.+ Well-maintained 360sqm* purpose-built primary healthcare clinic.+ Prominent 2,196sqm* main road corner landholding with significant 129m* triple street frontage and 27 on-title car parking spaces.+ Situated within Usher's medical precinct adjoining Pharmacy 777 and within 1.5km* of Bunbury Regional Hospital and St John of God Private Hospital Bunbury.+ Surrounded by important social infrastructure - 10 schools within 3km* radius servicing 4,350+ full-time students. (3)+ Greater Bunbury: 180km* South of Perth, Bunbury is Western Australia's second largest city with an annual economic output of $11.7 billion and a population expected to exceed 213,000 by 2026.(4)(5)+ Geographical significance of the area evident through ongoing government and privately funded development projects: Set for completion in 2024, the $1.25 billion Bunbury Outer Ring Road project is the biggest transport infrastructure project ever undertaken in WA's south-west and will provide new and improved access to the Bunbury Region. (6)+ Net Income: $134,887 pa* + GST + additional solar income.For Sale by Investment Portfolio Auction10:30am AEDT Wednesday 7 August 2024Crown Casino, MelbournePlease contact the exclusively appointed sales team for more information.*Approx.1 IPN2 Sonic Healthcare3 Gapmaps4 Remplan5 forecast.id6 WA GOV