A medical and allied health opportunity in one of WA’s most prestigious suburbs, has come to market demonstrating a rare opportunity to secure a fully leased investment in a tightly held market.

JLL’s Simon Quinn, head of healthcare capital markets (Australia)and Nigel Freshwater, senior director, capital markets (WA) have been appointed to sell Cottesloe Medical Centre via an Expressions-of-Interest campaign.

The purpose built two-storey medical centre is fully leased to three tenants, is anchored by IPN Medical Centres and has a favourable income profile with an attractive WALE of 5.6 years.

Cottesloe Medical Centre at 525 Stirling Highway, Cottesloe is situated approximately 10km from the Perth CBD. The medical centre sits on a prime corner site with extensive frontage and exposure to the major arterial Stirling Highway and Forrest Street, adjacent the iconic Napoleon Street retail precinct.

According to Nigel Freshwater, Cottesloe Medical Centre is set to be one of the most exciting medical assets to come to market in WA in 2023.

“The asset boasts a strong national tenant covenant, anchored by IPN Medical Centres, a market leading medical centre operator, who recently committed to a new 7-year lease deal and anchor over 67% of the total building NLA,” Mr Freshwater said.

Mr Quinn said, “There has been a strong influx of institutional capital into Healthcare Real Estate in Australia in recent years. The asset class offers defensive characteristics being supported by a growing and ageing population, attractive lease terms, and a favourable risk-adjusted return profile compared to other traditional commercial real estate investment options.

“We expect significant interest from a range of investor types, including institutional healthcare groups, syndicators and private investor.”

Expressions-of-Interest close Friday 24th March 2023 at 2pm (AWST).  

To request a copy of the Information Memorandum please contact one of the marketing agents JLL’s Simon Quinn, head of healthcare capital markets (Australia)and Nigel Freshwater, senior director, capital markets (WA) via the contact details below. 

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