PROPERTY PORTFOLIO

Leading Healthcare Bendigo

84 Mollison Street, Bendigo, VIC

This is a newly completed integrated medical centre which houses a number of complementary primary care providers including general practitioners, dental and pathology. The 2,378 sqm medical centre is located only 600 meters from the centre of Bendigo CBD.

Anchor tenant Independent Practitioner Network (IPN), a subsidiary of Sonic Healthcare along with Pacific Smiles, occupy 71% of the space on 10 year leases with 4% annual fixed reviews.

Key facts
Description Integrated primary care medical centre
Ownership 100%
Ownership type Freehold
Built 2012
Book value $10.5 million
Capitalisation rate 7.25%
Major tenant(s) Independent Practitioner Network (IPN), Pacific Smiles and Melbourne Pathology
Number of tenants 4
WALE 5.9 years
Site area 2,034 sqm
NLA 2,378 sqm
Occupancy 86.8%
Car parks
Rental reviews Fixed reviews between 3%-4%
Proposed development stages

Contact details

Asset Manager
James O'Keefe
T +61 3 8656 1058
M +61 408 171 101
Email James O'Keefe
Property Manager
Loren Brown - Healthcare Real Estate Australia
T +61 3 9811 5111
Email Loren Brown