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JLL and Cushman & Wakefield are pleased to present for sale IPN Logan Central. Situated on a prime Centre-zoned corner site at the heart of Logan Central, the property enjoys dual main street frontages to Kingston and Wembley Roads, supported by a strong and diverse mix of medical tenancies underpinned by an IPN Medical Centre (Sonic Healthcare), in addition to a Chemist, QLD X-ray, pathologist, Pizza Hut and Turner Freeman Lawyers.
- Excellent convenience & medical tenancy mix including GP Medical Centre, Radiologist, Pharmacy, Pathology, Podiatry
- Diversified income stream with a complementary tenancy mix, anchored by reputable medical operator IPN Medical Centres (Sonic Healthcare)
- Total Net Lettable Area of 1,850 sqm*
- Passing Net Income of $827,000pa* (as at 1 May 2022)
- 2.7 year WALE
- Abundant car parking with some 44 on-grade car spaces*
- Expansive site with significant development upside (STCA) – the substantial 6,130sqm corner site with flexible zoning allows for a variety of redevelopment opportunities as well as capitalisation of the untapped signage income
The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).
IPN Logan Central 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