ASSET

100% Freehold Equity Interest

DESCRIPTION

Panaceum Medical Centre comprises a single-level medical facility constructed in 2008. The asset is fully leased to Care Medical Group, who occupy the anchor tenancy and have sub-let other portions of the building to allied health groups and other operators including a pathology clinic. The property has GLA of 1,879sqm and 84 at-grade car parking bays. The asset is located within the commercial centre of the town of Geraldton, a key regional hub and important service and logistics centre for regional mining, agriculture and tourism industries, as well as the Port of Geraldton – a major west coast seaport. The centre services a large portion of the industrial health work for surrounding corporations.

WALE:  10.2 years
Occupancy (% GLA):  100%
Gross Lettable Area:  1,879sqm
Freehold Land:  4,785sqm
Key Tenants:  Panaceum Medical Group