07 Dec 2020
Savills Peter Tyson and Michael Harcourt handled the off-market transaction and sale on behalf of Ochre
Health to a private Sydney-based investor. Damien Holliday of Prosper Group acted for the buyer.
Peter Tyson said “The Ochre Health Hub attracted intense buyer interest nationally, with more than 150
separate enquiries and multiple offers in a hotly contested offering.”
“The medical and allied health sector continues to be a highly coveted asset class, which has been
accelerated by increased demand for long leased real estate tenanted by essential services. New single
tenant medical investments with long lease security and national tenants such as Ochre Health, a
leading Australian primary healthcare provider, are rare and highly sought after by the marketplace,” Mr
Tyson said.
The purpose-built facility comprises a 1,964sq m, two-level integrated health hub, 100% leased to Ochre
Health on a long term, 15 year net lease in the Caloundra CBD.
Michael Harcourt said “Ochre Health already operated a smaller clinic in the precinct and viewed this
strategic location as an opportunity to expand their medical practice and integrate with pharmacy and
allied health providers and secure a state of the art facility providing a “one stop shop” for the
community. The Ochre Health Hub is now the largest integrated medical centre and health hub in its
catchment.”
Damien Holliday said “the buyer was attracted to the long lease security to a quality health care provider,
combined with a new building, situated in the CBD of a major urban centre of the Sunshine Coast.”