Asset Highlights
- Blue-Chip Tenancy Profile: Anchored by the Murray Medical Group
- Diversified income streams: The asset benefits from diversified income streams across various medical specialties including general practice, cardiology, radiology, pharmacy and specialist consulting
- Thriving Metropolitan Location: Nestled in the heart of Greenfield’s thriving healthcare precinct, the property adjoins the Peel Health Campus, anchored by a 206-bed public hospital currently undergoing a $152 million redevelopment and a 106-bed Aegis Aged Care facility. There are a further 27 retirement villages and aged care facilities within a 7.5km radius of the property stimulating and underpinning the ongoing demand for medical services in the area (Aged Care Guide 2025)
- Population Growth: The City of Mandurah’s population growth has outperformed the greater Perth region, growing by 3.62% in 2024 with the over-50 cohort significantly overrepresented at 44.5% of the overall population expected to grow to a further 14.05% by 2046 (Forecast Id)
- Yield Opportunity: The purchase yields are above long-term average yield for medical assets of 6.00% (JLL)
Property Location
The property is located in Greenfields, a locality of the Greater Mandurah urban area, approximately 72km south-west of the Perth CBD.
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