Healthcare assets in high demand from owner occupiers

Healthcare assets are still demanding premiums with a Norman Park asset selling under the hammer for more than $300,000 over its reserve.

Located at 60 Hume Street, the property attracted four registered bidders on auction day, with the winning bid going to an allied health owner occupier for $1.64 million.

The 405sqm block comprised a commercial premises and three-bedroom home.

Brought to market for the first time in 40 years, the property was marketed by Ray White Commercial QLD managing director and partner Michael McCullagh.

“It was a highly competitive auction, especially between three of the bidders who were medical or allied health owner occupiers,” Mr McCullagh said.

“These buyer groups remain very active as they have been over the last few years and with limited buying opportunities they don’t want it to slip by.

“They were all mainly attracted to the location and demographics of the catchment.”