31/10/2023 | ID: 19106

Shopping centre GP next to a head tenant. W Sydney

*Seeking $399,000
Highlights of the business

Shopping centre based w/ 3 hrs free parking onsite
Travelator +/or lift access for frail/elderly pts
Walking distance to train station
SWPE = 2,111
3x Drs (2x F/T and 1x PT doing 5x mornings til 1.30pm) & a locum – 70/30%
7 CR’s & a path rm
really lge waiting area & a reception for 2x admin
2023 billings were $990K + $2022 were  $790K so on a growth trajectory post COVID. Woolworths & ALDI as head tenants so busy pedestrian foot traffic past the entrance. Previously 254m2 at a higher rent; now 192m2 at a lower, more affordable rent! The clinic was larger but current business owner gave some of the space back to the neighbour to make their shop bigger & his smaller to save on rent. Rent notice period of Dec 2023 & the centre needs to be advised what terms are reqd for the new rent. After 10 yrs (30 May 2024) there will be a market review so the next term for the incoming business owner may be able to negotiate a better rate.

Now a mixed billing clinic, with some private pts w/out a M/Care card. Path pays $80K pa + there is an audiology subtenant. Podiatrist + dietitian pay 70/30% fee split. There is visiting Physio + EP. VMO Geriatrican wks 1 day/month.

Rent is $156K + GST + $60 outgoings pa. Vendor subleases this space from the dentist; not directly through the centre m’ment. His neighbour on the other side is one of the head tenants so LOADS of pedestrian traffic past the door.

Accredited in Jan ’23 so no need to do this until Jan ’26.

Services offered:

Men’s + Women’s Health
Antenatal & Postnatal Care
Health Assessment for over 75
Immunizations + Travel Vaccines
Minor Surgeries
Workers Comp
Diabetes M’ment
Pap Smears & Family Planning

The team at this practice believe in a collaborative approach, integrating their services with specialists and other allied health professionals:

1x F/T lady doing the reception & PM duties
4x (cas) admin to assist as reqd
1x nurse (cas) wkg 9-2.30pm

Site visits after an online meeting w/ the owner, at a time the practice is closed to maintain pt & team confidentiality; during the shopping centre hrs; after the clinic is closed. Vendor is seeking $450K ONO for a quick sale!

Should you be interested please contact:
0437 082 045

Enquire now