120 Spencer StreetSouth Bunbury WA 6230
Property Details for 120 Spencer St, South Bunbury
Last Listing description (September 2023)
CBRE and JLL are proud to exclusively present for sale Forrest Family Practice, a long WALE, single level general practice medical centre 100% leased to ForHealth, a national healthcare service provider with a platform of more than 70 medical centres.
Boasting a long WALE of 7.80-years * offering significant income security, Forrest Family Practice is a rare opportunity to secure a strategically located, purpose built general practice medical centre and pharmacy which comprises 12 x consultation rooms operated by 12 doctors, with ancillary services including pathology, dietetics and pharmacy.
Key Investment Information:
Address: 120-122 Spencer Street, South Bunbury WA 6230
Net Lettable Area (NLA): 890m *
Combined Site Area: 2,920m *
Local Government Area: City of Bunbury
Zoning: Mixed Use Commercial
Tenant: ForHealth (trading as Forrest Family Practice)
Net Income: $532,677 per annum + GST**
Term: 10 years commenced July 2021
Options: Three, 3 year options
Car Parking: 59 bays
*Approximately
**Approximately as at 1 October 2023
Forrest Family Practice is for sale Expressions of Interest (EOI) closing Thursday 19th October 2023 at 2.00pm (AWST)/ 5:00pm (AEDT).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Derek Barlow
Director, CBRE
+61 417 941 478
Lachlan Andrew
Associate, CBRE
+61 426 890 080
Simon Quinn
Senior Director, JLL
+61 409 261 276
Nigel Freshwater
Senior Director, JLL
+61 417 197 375
Thomas Thorsen
Senior Executive, JLL
+61 488 444 022
Property History for 120 Spencer St, South Bunbury, WA 6230
- 19 Mar 2024Sold for $7,250,000
- 18 Sep 2023Listed for Sale Expressions of Interest closing 19th October 2023
- 14 Jul 2020Listed for Rent - Price not available
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About South Bunbury 6230
The size of South Bunbury is approximately 6.5 square kilometres. There are 15 parks, covering nearly 20.7% of the total area. The population of South Bunbury in 2016 was 8419 people. By 2021 the population was 8810 showing a population growth of 4.6% in the area during that time. The predominant age group in South Bunbury is 60-69 years. Households in South Bunbury are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Bunbury work in a professional occupation.In 2021, 66.10% of the homes in South Bunbury were owner-occupied compared with 63.90% in 2016.
South Bunbury has 4,973 properties. Over the last 5 years, Houses in South Bunbury have seen a 93.68% increase in median value, while Units have seen a 99.83% increase. As at 31 July 2026:
- The median value for Houses in South Bunbury is $830,684 while the median value for Units is $590,138.
- Houses have a median rent of $650 while Units have a median rent of $610.
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