Rockingham Medical - 18 Civic Boulevard, Rockingham

JLL and Cushman & Wakefield are pleased to present for sale a rare opportunity to acquire a modern purpose-built, fully leased medical/social infrastructure asset, Rockingham Medical Centre. The asset features a strong lease covenant with underlying income underpinned by major medical and government tenants including ForHealth (previously Healius), Centrelink and Department of Communities (Child Protection) WA.

• Ideally positioned within Rockingham Strategic Metropolitan Centre, adjacent to Vicinity-owned Rockingham City Shopping Centre.
• Blue Chip Tenant - Market leading health care operator ForHealth occupying some 52%* of total NLA.
• Supported by ground floor pharmacy, medical and restaurant providing unparalleled volume of foot traffic throughout the precinct.
• Total Net Lettable Area of 3,628 sqm*
• Passing Net Income of $1.18m pa* (as at 1 May 2022)
• 3 year WALE (by Income)
• Abundant car parking within adjoining council car park.
• Strong population growth forecast to increase by 68% over the next 20 years.

The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).

Rockingham Medical Centre is available individually or as part of the National Healthcare Portfolio. The Portfolio includes 9 securely leased medical assets across four states, with a combined net income of $7.32 million, and anchored by a range of blue chip national medical tenants such as Aurora, Nexus Day Hospitals, ForHealth, St Vincents and IPN Medical Centres.

The Portfolio includes:

• Kogarah Private Hospital, 1 Derby Street, Kogarah NSW
• Chermside Medical Complex, Lots 2-6 & 9-10, 956 Gympie Road, Chermside QLD
• IPN Logan Central, 295 Kingston Road, Logan Central QLD
• IPN Forest Lake, 7 High Street, Forest Lake QLD
• Mackay Private Hospital, 57 Norris Road, Mount Pleasant QLD
• Gympie Private Hospital, 74-86 Channon Street, Gympie QLD
• Modern Medical Spotswood, 196 Hall Street, Spotswood VIC
• St Vincent's Specialist Centre, 574 Melton Highway, Sydenham VIC
• Rockingham Medical Centre, 18 Civic Boulevard, Rockingham WA