Sullivan Nicolaides & Prescribe Practice Management tenancies located in the McCullough Medical Centre will be taken to Auction individually in rooms on Wednesday 22nd of February 2023 at 1PM AEST.
McGees Property on behalf of a deceased estate has been appointed to sell each tenancy by way of Auction. The properties are located in the heart Sunnybank in the McCullough Medical Centre which is within the Sunnybank Private Hospital. Sullivan Nicolaides is a well-known pathology provider in Australia with a strong reputation for providing accurate and timely results. Prescribe Practice Management is a practice management company that helps medical practices run more efficiently. Both tenants are extremely reputable and have a strong track record in their respective fields, providing a secure and predictable income stream for all investors.
Sullivan Nicolaides Unit 19
Net Lease $46,496.92 + GST per annum*
Tenant pays all outgoings
Lease expiry 11.10.2024
2 x 5 Year options remaining
74m Ground floor tenancy
Prescribe Practice Management Unit 5
Net Lease $33,477.60 + GST per annum*
Tenant pays all outgoings
Lease expiry 31.10.2024
1 x 2 Year option remaining
56m Ground floor tenancy
AUCTION CANCELLED | UNDER CONTRACT
* appreciate
The size of Sunnybank is approximately 4.7 square kilometres. There are 18 parks, covering nearly 17.0% of the total area. The population of Sunnybank in 2016 was 8697 people. By 2021 the population was 8892 showing a population growth of 2.2% in the area during that time. The predominant age group in Sunnybank is 20-29 years. Households in Sunnybank are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunnybank work in a professional occupation.In 2021, 56.30% of the homes in Sunnybank were owner-occupied compared with 60.20% in 2016.
Sunnybank has 3,905 properties. Over the last 5 years, Houses in Sunnybank have seen a 68.29% increase in median value, while Units have seen a 103.77% increase. As at 31 August 2026:
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