FOR SALE PRIME MODERN MEDICAL & ALLIED HEALTH INVESTMENT, IPSWICH QLD
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10 Brisbane Street, Ipswich QLD 4305

For Sale - $8.15 Million

OfficeSize: n/a
Block size: 1226 m² approx.
Brisbane Street Medical Centre, Ipswich comprises a modern, two-level complex with basement parking, featuring a dynamic mix of 7 medical and allied-health tenants including Ramsay Psychology (Ramsay Health Care), Chempro Chemists, the Australian Government-owned Open Arms Veterans Service and Limestone Medical Centre - one of Australia's longest standing medical centres with some 12 practicing GP doctors.

The purpose-built complex was constructed in two stages (2011 and 2015) and features parking for 27* vehicles with a central passenger lift servicing all levels.

Brisbane Street Medical Centre occupies a high-profile location in the Ipswich CBD and is within 30* radial kilometres west of Brisbane. Ipswich is the fourth largest city (LGA) in Queensland with a current population of over 242,600* residents, which is forecast to reach over 529,000* residents by 2046, reflecting a forecast annual growth rate of 5.1%*.

The property appreciates excellent pedestrian and vehicle access and exposure by virtue of its high profile corner location and major frontage.

Key highlights include:

- Modern Medical Investment - Comprising a purpose-built two level medical and allied-health complex (2,882sqm* building area) with onsite parking for 27 vehicles.

- Dynamic Mix of Medical & Allied Health Tenants - Featuring seven tenancies including Ramsay Health Care (Ramsay Psychology), Chempro Chemists, the Australian Government-owned Open Arms Veterans Counselling Service and Limestone Medical Centre - one of Australia's longest standing medical practices featuring some 12 GP doctors.

- High Exposure Location - Occupying a high exposure, easily accessible corner position at the traffic light-controlled intersection of Brisbane Street and Thorn Street in the Ipswich CBD.

- Strong Population Growth Area - Ipswich is the fourth largest city (LGA) in Queensland and the fastest growing with a current population of over 242,600* residents, forecast to reach over 529,000* residents by 2046.

- Valuable Depreciation Benefits - Constructed in two stages (2011 and 2015), Brisbane Street Medical Centre provides valuable tax benefits via substantial building depreciation.

- Income Security & Rental Growth - The Centre has an attractive rental growth structure with all tenancies featuring annual rental increases from 3% to CPI.

- Net Income: $652,162 p.a.* (fully leased)

- Sale Price: $8.15 Million.

*Approx. | Source: Queensland Government Statistician's Office


Brisbane Street Medical Centre, Ipswich is offered for Private Negotiation.

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Key details

Property type:
Office
Block Size:
1226 *

Other Details

Lot:
1
Plan Type:
SP
Plan:
282911
Legal description:
1/SP282911
Savills Brisbane

Maps and area information

Block information
Block size: 1226 (approx)
Legal description: 1/SP282911
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Property history

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Ipswich suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
45 years
Population
2,468
Listing ID: 182011472. This listing has been viewed 5 times. It was first displayed on 18/10/2023 and last updated on 16/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.