205 Spencer Street, South Bunbury, WA 6230

CBRE are pleased to exclusively present for sale 205 Spencer Street South Bunbury offering a well-established, single storey medical centre, 100% leased to strong performing healthcare service providers with a national platform. 

205 Spencer Street is located within the busy coastal City of Bunbury, WA’s largest regional populous known for its pristine beaches and strong local economy, bolstered by a prominent mining and mineral processing sector with $2 billion in annual turnover. 

Boasting a WALE of 4.0 years offering income security, 205 Spencer Street is a rare opportunity to secure a strategically located, purpose-built medical centre which comprises consulting rooms, treatment rooms and a dedicated pathology wing.


Investment Highlights

-  100% Leased to leading healthcare Provider Sonic Health

-   Purpose built facility with campus-style, dual-building arrangement

-   Favourable healthcare demographics and high population growth

-   Prime corner location with exposure primary arterial roadway

-   Expansive 3,224sqm* landholding with triple frontages

-   Secure Net Income of $474,475 per annum*

*Approx.


Purpose Built Facility
Two purpose-built facilities with building 1 being general practice centre with 12 consultation rooms, two specialist treatment rooms, audio room, sterile storage, and medical storage. The second building houses a dedicated pathology laboratory, related consulting rooms and specialist storage facilities.


Committed Tenants within Built-in Rental Growth
With both tenants sitting under the Sonic Health ownership banner the recently extended 7-year lease to Clinipath, expiring until 2031, suggests a longer commitment than the 4.0 year WALE initially reflects. The related tenancy leases provide robust income with annual CPI reviews, providing long term security from a national Tier 1 covenant.

Premium Tenant Covenant
Sonic Healthcare is one of Australia’s most prominent medical operators specialising in laboratory services, pathology, radiology and primary care medical services. Sonic Healthcare delivered revenue of A$9.0 billion and a net profit of A$511 million for the 2024 financial year. Sonic Healthcare enjoys leading market positions in seven countries including Australia and continues to deliver robust revenue growth in the post-pandemic era.  


Offers to Purchase closing Wednesday 11th June 2025 at 3pm.