22/03/2024 | ID: 25423

Mixed GP business + bldg selling in Newcastle. DPA

Medical Practice for sale in Newcastle

Asking $255,000

Underutilised busy clinic needs more Drs!
90% private billings ($95 – Item 23 + $145 for a level C & a rebate for pensioners (Recent rate inc))
3-5 new pts/wk
Est 2018, the GP is keen to retire so will negotiate a transition period w/ new owners! He & his wife work in the practice & are supported by a couple of P/T GPs to manage their GP, skin cancer & mental health pts. 3x CR’s + 2x Tx rms, where 1x of the tx rms could be a nurse/path/registrar rm if there was another dr in the clinic & the buyer wanted to support drs in training. W/ ramp & wheelchair access to the clinic, there is also a bathroom w/ a shower + a staff kitchen. There is plenty of public transport + public parking for the staff & pts.

Currently open 4 days/wk (Mon to Thurs), the clinic is well located next to a major interchange, so the clinic is not short of pts! W/ 2x car parks attached to the bldg, a new business operator can buy or lease the bldg. The vendors will transition all of their GP pts across eventually to retire & the psychologist may continue for a period if reqd by the new owner.

The P/T admin works about 15-20 hrs/wk. Rent is only about $55K pa ++ & the lease is ongoing. There is no path sub-tenant but if there were 2x GPs then there is space to get path in-house. This clinic would suit an OTD still restricted by 19AB of the health act but must be fellowed as it is MMM1.


GP1: 1 x 7 hour day/wk @70% w/ an interest in Women’s health
Locum GP: occasionally does a few days locum to cover annual leave on 70%
Owner GP – Wks 3 days/wk (Tues to Thurs) – + will stay on 1- 2 days if reqd @ 70%
Psychologist – Wks 3 days/wk @70% (Tues to Thurs) + will stay on 1- 2 days if reqd @ 70%
Audio Clinic – uses the rooms on a Friday (1-2/month at $250 a day + GST.)
Visiting clinicians – med directions & medicines legale (1-2/month at $250 a day + GST)
Accredited til Dec 2025, under cover car parks come w/ the bldg. There is a loading zone out the front of the practice where an ambulance can pull up. Site visits after hrs or when the clinic is closed as mutually agreed and convenient.

Broker: Sally Stuart
M: 0437 082 045
E: sally.stuart

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