Health Practice, 585 High St,
Penrith, NSW 2750

The current GP clinic operator is taking their 'bat + ball' and relocating to
another location within the same suburb.
They will be taking all of their staff, their Doctors and their patient base.

They will be leaving behind the fit-out and maybe some plant and equipment.
The lease, for another 3 1/2 years, can then be assigned if you are happy
to bring an existing patient base and your own team to this desirable location.

Directly attached to a busy pharmacy with access via 2x entry/exit points.
The current agreement is for just $5K per month. The greatly negotiated lease term between the landlord pharmacist is set to ensure a win/win for both business owner's in this location.

With 3x CR's, a Tx room, a pathology room, and a tea room for the staff plus a waiting area and reception, there is a great opportunity for someone maybe looking to bring their existing patient base into the high pedestrian traffic area of a Westfield
or a new practice owner hoping to cash-in on the fact that a very well run, quantity practice was operating at this location and many patients will return to see their GP not knowing that it has changes hands!

The Westfield GP practice to be leased (no business).

The current owners are very much playing the long game and as such, are eager to ensure the best outcome for head lease as well as the patients in this community. They are also expanding to include allied health suppliers.

They have created a bigger clinic to service more patients
better and as such, will be seeking to reassign
this current GP clinic license agreement to a new business operator.

There are currently 3x consulting rooms used by GPs with a room
allocated for the staff breaks, plus a singled bedded treatment
room and a pathology room.

The now vacated pathology provider paid $20K pa to sublease the space, leaving only $40K for the new business operator to find to pay the annual rent.

The reason that this number is no low....in a Westfield...is that the pharmacy is heavily subsidizing this medical centre's to operate from this location so that the scripts from the GPs can be filled for the patients effectively on-site by the co-located pharmacist.

The fit-out will be remaining in the space, however, all of the fittings and fixtures, being the plant and equipment will be taken out and relocated to the new clinic.

There will be no patient files, no staff and no Doctors remaining at this site; it is effectively a lease assignment whereby the value of the fit-out would be about $100,000 (negotiable). The vendor has recently revised this number and is open to reducing this amount down ~$50,000 for the right tenant.

The patients who have come to this location in the past may come back out of habit and you might get some of your patients that way; although should a local GP with an existing patient base wish to take over this space and start with an established patient load, their SWPE will continue to grow in this location with heavy foot traffic right past the front door.

Or maybe you are thinking about finding a new home for a skin cancer or an allied health business (subject to Head Tenant approval)... please consider this well located medical space as your new home. Site visits can be carried out as mutually agreed.

To know more about this property, contact Bryce Stickland on 0459 448 5... or email at bryce.stickland@rxproperty.com.au.