Hermit Park Clinic
Hyde Park, Townsville, Queensland
PURCHASE DATE
February 2026
ADDRESS
183-191 Charters Towers Road, Hyde Park, Queensland
LAND AREA
6,856sqm
NLA
3,081sqm
OCCUPANCY
100%
KEY TENANTS
IPN, Green Leaves Early Learning
Asset Highlights
- Prime Quality Medical Accommodation: The Hermit Park Clinic is a modern, single-storey medical centre comprising 3,081 sqm of NLA apportioned for eight tenancies (seven tenants) with convenient at-grade car parking for 78 vehicles
- Attractive Secured Income Stream: The asset is fully leased with a robust WALE of 6.52 years and is anchored by market leaders IPN (23% of income) and Green Leaves Early Learning (28% of income). The tenancy mix is further supported by a pharmacy, allied health practitioners and ancillary health and education providers
- Significant Recent Refurbishment: The property was extensively refurbished and redeveloped between 2021-2023 and now provides high-grade contemporary medical, childcare and allied health accommodation and a near-new childcare centre
- Positive Reversion Potential: The average net passing rent is just $396/sqm with the opportunity to potentially unlock positive reversion at leasing events
- High Exposure Site: The property is situated on a prominent corner site of some 6,856sqm with an extensive frontage to a major arterial road benefitting from approximately 27,000 passing vehicles daily.
- Inner City Location: Hyde Park is situated just 3km from the Townsville CBD and enjoys strategic proximity to the 197-bed Mater Private Hospital, Hermit Park Shopping Centre and the Townsville RSL
- Burgeoning Regional Centre: The property is in the major Queensland regional centre of Townsville, some 1,100km north of Brisbane. The City of Townsville has a population of approximately 205,000 people which is expected to grow to 265,000 by 2046
Property Location
Hyde Park is an established inner-city suburb of Townsville, located approximately 3km southwest of the Townsville CBD. It is a well-connected mixed precinct positioned along key arterials such as Charters Towers Road and Woolcock Street offering excellent visibility and access to major transport routes. The area supports a mix of retail, medical, residential and service-based commercial uses.
The property is situated along Charters Towers Road offering direct connectivity to the CBD and the southern suburbs and benefits from 27,000 passing vehicles each day.
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