College Junction Medical Centre
Clayfield, Queensland
PURCHASE DATE
December 2025
ADDRESS
695 Sandgate Road, Clayfield QLD
PURCHASE STRUCTURE
The Fund purchased 50% of the asset through its investment in the Westbridge Clayfield Medical Fund
LAND AREA
1,516sqm
NLA
2,949sqm
OCCUPANCY
100%
KEY TENANTS
Qscan
Asset Highlights
- Modern, purpose-built accommodation: The College Junction Medical Centre is a purpose-built, landmark healthcare asset constructed in 2017 comprising 2,949sqm of modern three-storey medical and ancillary retail accommodation with basement parking for 64 vehicles.
- Blue-Chip Tenancy Profile: The asset is fully leased with a WALE of 4.98 years and is anchored (55% of income) by Qscan to October 2032 Qscan is a national radiology service provider with more than 75 clinics across metropolitan and regional Australia.
- Diversified income streams: The cash flow is further supported by a diverse medical and retail tenancy mix including general practice, ophthalmology, mental health consulting, cosmetic nursing, real estate service and a coffee shop.
- Prime affluent location: The asset is located in Clayfield, an affluent inner-northern suburb of Brisbane some 6km from the CBD. The asset’s prominent position on Sandgate Road, a major arterial thoroughfare connecting to Brisbane’s CBD, provides a highly accessible destination for healthcare users of all ages. The area offers high amenity appeal and hosts a variety of retail, medical and office assets.
- Attractive lease structures: The current lease profile offers significant in-built income growth with fixed rent reviews of 3.5-4%. All tenancies are on a favourable net lease arrangement, insulating from future increases to statutory and variable outgoings.
- Future expansion potential: The building has been designed to accommodate an additional storey, adding a further 758sqm of gross floor area equating to a 26% uplift in building area (STCA).
- Yield Opportunity: The purchase yields are above long-term average yield for medical assets of 6.00% (source: JLL).
Property Location
The property is located in Clayfield, an inner-northern suburb 6km from the Brisbane CBD. The surrounding catchment would be described as affluent with the median personal income approximately 40% above both Queensland and greater Australia. This ensures strong access to healthcare services, stimulating future occupier demand.
The asset is situated on a high-profile arterial road and benefits from over 51,000 passing vehicles daily.
Register your interest in the Westbridge Medical Fund
To register your interest in the Fund or to learn more, please complete the form below and you will receive a copy of the information memorandum.