The Karalee Medical Centre located in Chuwar, Queensland, has been sold for a notable $7.1 million, reflecting a yield of 6.5 per cent. The transaction was facilitated by Burgess Rawson's team comprising Raoul Holderhead, Andrew Havig, Rick Jacobson, and Tom Lawrence.

Situated at 4 Centre Court, this standalone medical facility boasts a premium infrastructure and was sold with a 4.8-year Weighted Average Lease Expiry (WALE). The net annual rental is $463,376.

Mr Holderhead highlighted that 78.5 per cent of the income generated is anchored by Health Matters, a reputable medical group with two established centers across Ipswich.

Additionally, long-term leases with esteemed allied health providers Target Physiotherapy and F45 further fortify the asset's stability and investment appeal. Constructed in 2019, the Karalee Medical Centre offers state-of-the-art facilities, presenting the investor with substantial tax depreciation benefits.

Spread across an expansive 3,485 square metre freehold site, the complex encompasses a sprawling 997 square metre medical facility and provides ample parking with 41 on-site car spaces.

The seamless integration of the medical centre with the recently revitalised $80 million Karalee Village Shopping Centre further enhances its appeal.

Serving as a cornerstone of the community, the shopping centre boasts a diverse array of retail offerings, including Woolworths and Coles supermarkets, supported by 38 specialty tenants and over 340 parking spaces.

Mr Holderhead said Karalee's strategic location within the City of Ipswich, the sixth fastest growing metropolitan area in Australia, underscores the immense growth potential of this investment.

“With a promising forecast for population expansion, the acquisition of Karalee Medical Centre reflects the private investment group's commitment to capitalising on burgeoning opportunities in the vibrant Queensland market,” he said.

Mr Havig added they also just sold the neighbouring Bridgestone outlet taking the total to about $10 million worth of sales. "What's particularly noteworthy is the sharp 4.5 per cent yield achieved on the Bridgestone sale which is a testament to the strength and attractiveness of the properties in this area."

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