Case Studies

114 Spencer Street, Bunbury, Western Australia

HEALTHCARE PROPERTY

The property comprises a totally refurbished specialist centre on a prominent location in the medical heart of Bunbury.

Leased to St John of Gods for 10 years on a triple net lease there is also the opportunity for a future extension of the building.

Property Features:

  • Lessee – St John of Gods
  • WALE 10 years
  • Rent $200,000 per annum net
  • Annual rent reviews CPI + 1.5%
Sale Analysis
Sale Price:$4,100,000
Sale Date:December 2021
NLA:442sqm*
Land Area:2,023sqm*
Yield:4,87%
Vendor:Private Investor
Purchaser:Barwon Property Funds

*Approximately

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