29/04/2024 | ID: 27133

New Adelaide GP clinic, 1x P/T GP (0.2 FTE), MMM1.

Asking Price $99,500

Newly listed Adelaide GP clinic is currently only open business hrs Mon to Fri to opportunity to significantly grow this business. This family clinic is currently servicing Adelaide and the surrounding areas, with the provision of the following services:

Family Medical Care
Men and Women’s health,
Workcover Consultations,
Travel Health,
Chronic Disease
Wound Management
Established less than 1 yr owned (Aug 2023), the vendors … like every other practice owner in Australia ….can’t get Drs. It is a solo GP practice currently, with the dr undertaking 2x sessions/wk only (0.2 FTE GP). They had another GP but due to the DPA restrictions of the location, the 2nd Dr left in Jan 2024.  It was a greenfield site so there were no remaining drs to rely on… it used to be Calvary hospital, but it’s now relocated across the room. The practice is close to a private school and has a University nearby, so there are loads of pedestrians walking past daily!

Why consider this one?

Lrg facility in a health precinct
10x CR’s
2x tx areas
Pharmacy onsite w/ lease – $80K/pa
Path (SA path) onsite across the hall, subleasing for $100K (if 6 drs are working then they will increase the rent to $200K/pa – other Drs send their pts here too as they are the preferred path provider for the area
Optom, specialist centre, sleep clinic and Breast screen plus rehab located nearby plus a dentist clinic
More than $600K spent on the fit-out (Studio 9 undertook the interior design)
Ideal for a nearby practice owner to move their pt base into this space
Lease is assignable
Reception staff, plus a shared PM and shared nurse currently running the practice
Next door, a residential aged care facility is being built
Mixed billing practice w/ online bookings & website
Allied health providers support pts from this location in podiatry, physio & audiology

Initial MC annual lease – $254,700 pa plus GST
Path pays $100K pa + GST – net rent now $154,700 pa + GST
Pharmacy onsite w/ an existing lease pays $80K/pa – net rent now $74, 700 pa
Hearing pays $2K/12 or $24K pa + GST – total rent for the MC to pay is only $50,700 pa + GST.
Please could you let me know if you want to chat online with the vendor (who is not in Adelaide) or to schedule a site visit at a mutually convenient time?

Sally Stuart
0437 082 045

Enquire now