Cairns Day Surgery, 156-160 Grafton Street, Cairns City, Qld 4870

Knight Frank and JLL are pleased to present for sale via Expressions of Interest the Cairns Day Surgery, located at 156-160 Grafton Street, Cairns.  

Cairns Day Surgery is anchored by Ramsay Health Care (ASX:RHC), Australia’s leading private health conglomerate with an $11b market capitalization.  The fully let, 4 tenancy facility has a complimentary mix of long-established tenants including a day surgery, bulk-billing GP Clinic, Pharmacy, and Pathology sampling and testing laboratory. 

The key attributes of this investment are as follows:
 
- 5.4-Year WALE (As at 30 Sep. 2024)
- $1.612 million p.a. passing Net Income* (As at 30 Sep. 2024)
- Anchored by Ramsay Healthcare with 67% of NLA
- CPI-linked review mechanism to 70%* of Gross Rental Income
- Complimentary mix of tenancies including GP Clinic, Pharmacy, Pathology sampling and testing facility Practice and 4-theatre multi-disciplinary day surgery
- 100% occupied by established healthcare tenants 
- Significant investment by tenants in fit-out, including 405sqm of PC-2 laboratory space which serves as QML’s central testing facility for the Cairns region.
- 2,473sqm* Net Lettable Area
- 37 car spaces
- Prominent, accessible location in Cairns CBD

Cairns Day Surgery is offered for sale by Expressions of Interest closing 4:00pm AEST on Thursday, 15th August 2024.  For further information or access to the Electronic Data Room please contact the exclusive selling agents.