687-689 Old Cleveland Road E,
Wellington Point, QLD 4160

In the current climate, this is a rare opportunity to secure a 'pandemic proof' medical investment with significant depreciation benefits (up to $5,000,000** in deductions in total).

Key Investment Highlights:
- On offer is a near new and purpose built medical investment that is fully leased with a long 7.09* year WALE (by income).
- Unique opportunity to secure a defensive investment that is underpinned by essential service tenants who are insulated against current global conditions.
- Complimentary mix of medical and health related tenants including Pharmacy @ Wellington Point, Every Bodies Health Clinic, My Audiology and East Coast Compounding Pharmacy.
- 80% of tenants are on 5-15 year lease terms with landlord favourable net lease structures, minimising exposure to outgoings.
- Nearly half of the purchaser's first year of net income could potentially be free of income tax (subject to the purchaser's taxation status)**.
- Strategically located in the established precinct of Wellington Point which is just 21km* East of the Brisbane CBD.
- 50m* of direct frontage to over 16,600^ vehicles that use Old Cleveland Road E daily.
- Substantial ground and basement parking including 43 on grade car parks (very generous of ratio of 1:23* per sqm of lettable area).
- Fully leased net income of $675,448 + GST pa.

Ray White Commercial QLD are pleased to offer a rare medical investment for sale via Auction at level 26, 111 Eagle Street, Brisbane QLD at 10:15am on Friday 10 September 2021 (AEST).

* Approximately
** PEP Solutions
^ Sitewisely