Consecutive healthcare investments sold for over $14 million – RWC Medical

RWC Medical’s Franz Stapelberg and Nicolas Milner have successfully transacted two high-profile assets in Brisbane’s metropolitan fringe; a medical freehold and a volumetric LFR investment.

The two properties achieved a combined value of over $14 million and signalling continued investor confidence in the healthcare property market.

The first property, located at 28 Tallowwood Street, Seven Hills, sold for $6,890,000 at a yield of 5.74 per cent. The asset, a LFR, held under a volumetric title and leased to ASX-listed tenant Viva Leisure, attracted significant interest.

“With five formal offers submitted at the close of an expressions of interest campaign, it was ultimately secured by a private investor,” Franz Stapelberg said.

“This campaign shows investors have an appetite for strong tenant covenant leased investments.”

The second transaction, a medical freehold development at 87 Osborne Avenue, Mitchelton, sold for $7,285,000 at a yield of 6.15 per cent in an off-market deal.

Positioned next to a McDonalds, the property received four offers within one week, again from private investors, all sourced through the RWC Medical buyer database.

“There was strong interest through the RWC Medical database with four off-market offers within a week,” said Mr Stapelberg.

“Following the recent election resulting in an $8.5 billion government investment into primary healthcare, we expect the confidence in the market to continue on its upward trajectory, influencing the yields to further compress,” said Mr Milner.

“Through our knowledge and understanding of medical assets, we are able to instill confidence in our investors which ultimately led to a tight result within a week.”

“We have three new assets coming to the market, which present a great opportunity for investors to extend their portfolio or to diversify into healthcare assets.”