RWC Medical is pleased to announce the successful sale of a fully-fitted 103sqm medical suite located on Level 6 of St Andrew’s War Memorial Hospital, Spring Hill. The property, situated at Suite 6.3/21 Bradley Street, achieved a sale price of $1,250,000 + GST following a highly competitive campaign.
The suite, positioned within one of Brisbane’s most esteemed private hospital settings, offers expansive city views, a large reception area, three spacious consult rooms, a kitchenette, and secure underground parking. Its strategic location within the main hospital continues to be a major drawcard for practitioners seeking seamless integration with hospital facilities and services.
The marketing campaign generated significant interest. More than 30 active medical specialists enquired, resulting in three competitive offers.
The property was ultimately secured by a medical specialist currently practicing within St Andrew’s War Memorial Hospital, further highlighting the strong owner-occupier demand in this tightly held precinct.
RWC Medical agents Nicolas Milner and Jessica Del Gaizo, who negotiated the deal, said demand for Spring Hill medical suites continues to strengthen.
“We have seen a large number of specialists looking in Spring Hill, and suites that are co-located within hospitals are transacting at a premium price,” said Jessica Del Gaizo.
“The reduction in the cash rate throughout this year has provided a tailwind for the owner-occupier market, reinforced by renewed confidence in the private hospital sub-sector,” added Nicolas Milner.
The seller, a private medical services group, benefited from the heightened competition among medical professionals seeking owner-occupier opportunities in Brisbane’s thriving inner-city healthcare market.
This transaction underscores the continued demand for high-quality medical spaces within integrated hospital environments, particularly as practitioners prioritise proximity to surgical and inpatient facilities.
