A Portfolio of Private Orthodontic Clinics Across Western Australia Has Sold for $4,765,000

​A Private Portfolio of Five Orthodontic Clinics across WA has sold Off Market to Individual Private Investors.

A private portfolio of five orthodontic clinics situated across Western Australia has exchanged hands for a total of $4,765,000. The properties are leased to a well-known and established orthodontic practice.

The sales and marketing of the opportunities was dealt with on an off market basis securing buyers for each property within one week of direct marketing. The attraction to allied health in combination with a healthy lease profile ultimately attracted a tight blended yield across the portfolio of 6.13%.

Executive of Investment Services, Aidan Austen was the exclusive selling agent of this private portfolio. 

Mr Austen said “The portfolio was sold off-market, comprising properties located throughout Western Australia — from West Perth near the CBD to as far south as Busselton. The private buyers were drawn to the newly signed leases, which featured fixed annual rent increases and market-aligned rental rates. The essential nature of allied health services in everyday life contributed to the strong investor interest, resulting in sharper yields. Confidence was further bolstered by the presence of a well-established tenant within Western Australia’s orthodontic sector.”