Investors Continue to Pursue Health and Medical Investments

1290 Grand Junction Road, Hope Valley

Investors continue to pursue health and medical real estate investments, seeking secure incomes at a time of volatility in other sectors.

In the latest deal, McGees Property’s Igor Jaric and Yee Ng negotiated the sale of a medical centre property at 1290 Grand Junction Road in Hope Valley for $3.8 million.

The character medical clinic of 436sqm – a repurposed and extended former Methodist Chapel – comprises 12 consulting rooms, CDM and treatment room, pathology, reception, admin, office, gym and kitchen, and is on a 1,257sqm site with ample parking and zoned Employment/General Neighbourhood.

It was offered with a new 5+5+5-year lease to Pro Health Care.

“This was an ideal opportunity for buyers looking for a set-and-forget investment,” Ng said.

“Medical centre assets have proven to be ultra-resilient over the past several years, making them a hugely attractive reliable and defensive option at a time of volatility in other sectors.

“This property offered the benefit of a new, secure lease to a proven tenant with multiple locations across South Australia, and ongoing population growth will mean more people that require access to health and medical services, further underpinning security of tenancy.”