Ochre Medical Centre, 20 Kalinga St, Caloundra QLD

Property Details
Building type: Medical
Building area:  1,663m2
Land area: 2,428m2

Purchase Details
Asking price: $15.5 million
Purchase price: $15.3 million
Net passing yield: 5.3%
$/m2 building area: $9,200/m2
$/m2 land area: $6,301/m2
Property Features

  • Brand new 2 level medical centre
  • 100% leased to national healthcare provider,
    Ochre Health, with a head lease for 15 years with
    two 10 year options.
  • Located within the town centre of Caloundra
  • Fund through transaction with a stamp duty saving of $700,000


Tenancy Details
WALE: 15 years
Net income, pa; $825,000
Net income, $496/m2
Tenancies: 100% leased

 

 

How Did Prosper Group Assist Their Client?

Prosper Group’s market knowledge, track record with medical assets and extensive initial due diligence assisted their client in being chosen as the preferred buyer in a competitive sales campaign and in a market where medical centres are in high demand from investors and REITS.

A fund through transaction was negotiated on behalf of the client where they saved $700,000 in stamp duty costs by buying the land up front and then making development payments throughout the development of the property until completion. As part of the upfront negotiations Prosper Group also negotiated more favourable lease terms for our client.

Prosper Group provided development management services throughout the 12 month development phase until completion.

This is the fourth property which Prosper Group has assisted this client in purchasing and it is a great addition to their portfolio with the medical centre providing diversification across the client’s other properties which cover industrial, office and bulky goods uses.

 

  We could have gone all year looking and searching. We are positive we could not have found a better home that suits our needs. Thank you again for providing a service that we will only ‘sing it’s praises'!  

Sharon & Lloyd

Northbridge, NSW

  We have never experienced the level of property management and confidence that you give us.  

Kaye & Michael

Fairlight, NSW

  Prosper Group made what could have been a taxing and draining process of selling and buying houses a rewarding and enjoyable experience.  

Michael & Edwina

Turramurra, NSW

  We would like to send you a huge thank you for your assistance with our rental properties. You are always extremely helpful, professional and execute everything with a wonderfully positive attitude.  

Ian & Terry

Darling Point, Maroubra & Annandale, NSW

  We’re convinced that no other buyers agent offers such an unbiased and educated view on property investment as Prosper Group does.  

Mahlah Ludekens

Director - RecruitR

  The Prosper Group Team has managed our property in the most professional and dedicated manner.  

Lisette

MacMahons Point, NSW

  In all my dealings with Prosper Group I have felt the team really cared about the result, cared about the property and cared about our business relationship.  

Michelle Collins

Coogee, NSW

  It was like having a partner who was on my side – we had many discussions about all aspects of the property.  

GR

Managing Director - Paragon Crest Pty Ltd

  Without Prosper Group's help, persistence and expertise, we would not have found our ideal home.  

Alice & Jackson

  Prosper Group's negotiation skills reduced the price from $1,500,000 to $1,175,000.  

J.B.

Company Director & Investor

  Meticulous, thoroughly professional, very patient. A pleasure to deal with.  

E. Cassimatis & Family

  The value was returned in spades. I secured a great home that I would never have been able to find myself.  

Alan Arakelian

CFO - Bain and Associates

  Prosper Group was great. They were patient and found me the right property at the right price. I could not have asked for a better experience.  

Sascha Bannon

Surry Hills, NSW

  Thank you Prosper Group for all your hard work; you have found us an investment property that ticked all the boxes.  

Carolyn & Anthony

Brisbane, QLD

  Highly recommend Prosper Group. They were highly professional, knowledgeable and flexible when our brief changed! Also a pleasure to work with and we’re thrilled with our result.”  

Lou & Angus

Mosman, NSW