1290 Grand Junction Road, Hope Valley
Investors continue to pursue health and medical real estate investments, seeking secure incomes at a time of volatility in other sectors.
In the latest deal, McGees Property’s Igor Jaric and Yee Ng negotiated the sale of a medical centre property at 1290 Grand Junction Road in Hope Valley for $3.8 million.
The character medical clinic of 436sqm – a repurposed and extended former Methodist Chapel – comprises 12 consulting rooms, CDM and treatment room, pathology, reception, admin, office, gym and kitchen, and is on a 1,257sqm site with ample parking and zoned Employment/General Neighbourhood.
It was offered with a new 5+5+5-year lease to Pro Health Care.
“This was an ideal opportunity for buyers looking for a set-and-forget investment,” Ng said.
“Medical centre assets have proven to be ultra-resilient over the past several years, making them a hugely attractive reliable and defensive option at a time of volatility in other sectors.
“This property offered the benefit of a new, secure lease to a proven tenant with multiple locations across South Australia, and ongoing population growth will mean more people that require access to health and medical services, further underpinning security of tenancy.”
For more information on this transaction, contact:
Igor Jaric on ijaric@adl.mcgees.com.au or 0474 345 945
Yee Ng on yng@adl.mcgees.com.au or 0402 715 883
View listing: 1290 Grand Junction Road, Hope Valley | McGees Property Adelaide