Medical Anchored Convenience Centre in Affluent Brisbane Suburb Hits the Market | JLL

Premium medical and retail centre in tightly held Western Brisbane offers investors stable income, suburban appeal, and long-term healthcare demand

A fully-leased medical and retail centre in the heart of Graceville, one of Brisbane’s most desirable suburbs, has hit the market, amid strong demand for retail assets with a healthcare focus in metropolitan precincts.

JLL’s Liam Cox and Ned McKendry have been exclusively appointed to manage the sale via an Expressions of Interest campaign.

Graceville Quarter, located at 296 Oxley Road, is a high performing mixed-use centre anchored by a diverse range of health providers and supported by lifestyle retailers. The asset spans a 1842sqm corner site in the heart of the tightly held Graceville Fiveways precinct, just 8km southwest of the Brisbane CBD.

Established tenants include Graceville Medical, Sullivan Nicolaides Pathology, Essential Care Dental & Hartley’s Body Corporate Management, supported by an additional seven specialty outlets.

The asset generates net income of approximately $870,000 per annum and boasts a Weighted Average Lease Expiry (WALE) of three years by income.

Mr Cox said Graceville Quarter’s healthcare-led tenancy mix and location in one of Brisbane’s most desirable residential catchments has already sparked strong investor interest.

“Graceville Quarter offers a rare, generational opportunity to acquire a resilient retail asset in an established, high-income suburb with long-term demand for medical services,” he said.

“The asset gains over 42 metres of unrivalled exposure to major arterial Oxley Road, passed by over 145,000 vehicles weekly.”

Mr McKendry said the combination of long-term medical demand and suburban investment appeal continues to drive activity in the sector.

“Assets like Graceville Quarter benefit from strong fundamentals — essential services, long leases, and stable occupancies — all within a location that caters to a highly engaged and health-conscious community,” he said.

“It’s these characteristics that are drawing capital to suburban retail investments.”

Graceville Quarter is being offered for sale via an Expressions of Interest campaign closing at 4pm (AEST) on Thursday, June 19, 2025.