Colliers have been appointed to divest a healthcare and medical real estate portfolio for sale, comprising three Brisbane and Gold Coast assets, for sale in one line or individually on behalf of Centuria Healthcare.

Tom O’Driscoll, Chris O’Driscoll and Ryan Chandler of Colliers are facilitating the sale of 220 Sandgate Road, Nundah in Brisbane, and Gold Coast assets 95 Alexander Drive, Highland Park and 306 Olsen Avenue, Parkwood.

The assets include a range of medical investments, freestanding property and health precincts. 220 Sandgate Road (1,179sqm) is a mixed-medical practice with a 4.0-year WALE. Both 95 Alexander Drive (932sqm) and 306 Olsen Avenue (856sqm) are both fully leased to IPN Medical Centres with 3.7-year WALEs.

“All three assets provide a strong income stream with each individual opportunity providing a longer-term value-add and development upside. The properties also benefit from strong car park ratios,” said Tom O’Driscoll, Director, Investment Services.

Chris O’Driscoll, Director, Healthcare and Retirement Living, said “The Brisbane investment market is currently very bullish when it comes to medical property investment opportunities; the firm WALE across this portfolio and high percentage of occupancy will be highly appealing to potential purchasers.”

Ryan Chandler, Senior Executive, Retail Investment Services said, “We believe the price point of this portfolio will appeal to funds and syndicates, while the sale of individual assets will be attractive to private investors.”

The Centuria Healthcare portfolio is being sold via an Expressions of Interest campaign, closing 27 May 2021 at 4:00pm.

To request a copy of the Information Memorandum please contact either of the Colliers marketing agents Tom O’Driscoll, Chris O’Driscoll or Ryan Chandler via the contact forms below. 

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