Murray Medical Centre, a freestanding super-medical centre in the heart of Mandurah’s healthcare precinct, has transacted sold.
The 6,295sqm landholding and is positioned 50m from Peel Health Campus, a 260-bed hospital, and directly opposite a brand-new Genesis Cancer Centre.
The property offers significant roadside exposure and benefits from accessibility, being only minutes from the Kwinana Freeway.
CBRE’s National healthcare sales team of Sandro Peluso, Josh Twelftree, Jimmy Tat and Marcello Caspani-Muto handled the sales campaign for 34-36 Minilya Parkway.
Mr Peluso commented that; “The effects of COVID-19 over the course of 2020 have acted as a catalyst for investor interest toward the healthcare sector, with the asset class fast emerging as the ‘Cinderella’ of commercial real estate investment.”
“Healthcare is being dubbed one of the nation’s few true ’recession proof’ sectors given its strength, continual operation through the pandemic and resistance to e-commerce factors,” he continued.
“Over the past year, super medical clinics have continued to transact on a pure return and tenancy mix basis. In a similar transaction, our team transacted the Cranbourne Medical Centre for $23,000,000 on a yield of circa 5.6%.”
Mr Twelftree added; “We are seeing institutional and high-net-worth private buyers look all over Australia for Healthcare assets – once these groups confident in the tenant and supportive demographics, location is secondary, as they are looking for passive investments to hold their book value and continue to produce a solid return for investors.”
“The outlook for the healthcare commercial property sector is very strong heading into 2021, with supportive demographic trends such as population growth and an ageing population fueling increased demand within the sector,” he added.
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