Case Studies

66-70 Mahogany Drive & 1-5 Peelwood Parade, Halls Head, Western Australia


The Halls Head Medical Centre comprises 7 specialised medical buildings over 7 lots with long leases to a Medical Centre, Specialist Centre, Skin Clinic, Allied Health, Respiratory Clinic, Pharmacy and Pathology.

  • 6,075sqm* total site area
  • Passing rent: $1,288,925
  • 8 year WALE


Sale Analysis
Sale Price:$23,435,000
Sale Date:September 2021
NLA Area:1,871sqm*
Land Area:6,075sqm*
Yield – passing5.5 %
Land Rate / sqm:$3,857/sqm
Vendor:Bingham Superannuation Fund
Purchaser:RAM Australia
Sales Process:The property was acquired off market
on behalf of Real Asset Management Ltd
(RAM) after careful research and targeting
by Ray White Commercial WA for quality
WA medical centres
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