PROPERTY PORTFOLIO

Spring Hill

55 Little Edward Street (Spring Hill), Brisbane QLD

Spring Hill is a quality medical office building located in an established health precinct on the fringe of Brisbane city. Two significant private hospitals St Andrews Private and Brisbane Private are located in close proximity. The building is anchored by two leading healthcare providers, Cura Day Hospitals Group and Virtus Health.

Key facts
Description Medical office building
Ownership 100%
Ownership type Freehold
Built 1988
Book value $64 million
Capitalisation rate 6.75%
Major tenant(s) Cura Day Hospitals, Virtus Health, Secure Parking
Number of tenants 12
WALE 5.5 years
Site area 5,771 sqm
NLA 8,296 sqm
Occupancy 100%
Car parks 484
Rental reviews Combination of fixed 3% to 4.5%, higher of CPI and 3.5% to 3.75% and market reviews

Contact details

Asset Manager
James O'Keefe
T +61 3 8656 1058
M +61 408 171 101
Email James O'Keefe
Property Manager
Patrick Kelly - Knight Frank
T +61 7 3246 8854
Email Patrick Kelly