Melbourne

Premium medical investments reflect thriving health sector

Two recently listed medical assets are generating substantial levels of interest from buyers, exemplifying a thriving healthcare market.

15 Feb 2018

Two recently listed medical assets are generating substantial levels of interest from buyers, exemplifying a thriving healthcare market.

1-11 Dunnings Road, Point Cook and 194-196 Karingal Drive, Frankston offer land holdings of 5,332 and 1,589sqm respectively, both being Commercial 1 zoned. 1-11 Dunning’s Road is fully leased with a WALE of 6.3 years and includes premium tenants Point Cook Pharmacy, Point Cook Medical and Infinite Point Cook Dental while licensed to feature up to 13 medical tenants. Meanwhile 194-196 Karingal Drive is tenanted by a single GP with over 40 years’ experience who has recently expanded, indicating strong market performance.

Interest in these properties has been accelerated due to their corner landholdings and dual street frontages, valuable features to any investor.

The CBRE Victorian Health, Aged & Child Care team consisting of Sandro Peluso, Josh Twelftree, Bianca Butterworth and Kinson Wong are listing the properties, both of which are for sale via international expression of interest campaigns. 

Mr Peluso said the current levels of interest were fueled by thriving market conditions, most notably the recent clamp down on private health insurance by the government. 

“The Coalition’s current objective of improving healthcare affordability will see a continual rise in the number of people utilising medical services, enhancing industry appeal,” Mr Peluso said.

Josh Twelftree also commented; “Through discussion with industry professionals, current record bulk billing levels nearing 86% are having a positive effect on demand for healthcare services which has seen further improvements in what was already significant investor confidence.”   

The 1-11 Dunning’s Road campaign closes on the 28th of February For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.