Medical

It took a while to find a pulse at the auction of a Canterbury ambulance depot being sought for a wide range of purposes.

A waterfront pub on the Sunshine Coast and a Brisbane childcare centre each fetched more than $10 million as eager investors snapped up commercial assets with long leases worth in excess of $133 million in portfolio auctions.

Looking to buy an agribusiness? This Gippsland farm could be used to dairy, cattle, chickens or even cultivating medicinal cannabis.

The Simons Pharmacy Randwick site on one of the eastern suburbs’ busiest intersections has sold for $2m post auction.

First-time investors keen to get into the commercial property market are chasing entry-level opportunities in the first big portfolio auctions of the year.

Buyers are making a bee line  for “pandemic proof” healthcare and medical properties as enquiries ratchet up across the commercial sector.

The property sector is proving a profitable ground for potential listings of new companies on the ASX, with Newmark Capital the latest to weigh up a move as it readies a potential listing of its $300 million hardware trust.

Industrial and warehouse listings dominated interest in commercial property last week amid a flood of new listings after the festive holiday hiatus.

The coronavirus pandemic has increased already-strong interest in the healthcare real estate sector, hinting huge growth in the near future.