The 1204sqm property located at 89 Tingal road, traded on a 5.40 per cent yield.
The site features a 933sqm of net lettable area and is fully leased to Queensland X-Ray, a subsidiary of medical giant Sonic Healthcare (ASX:SHL), with options to 2056.
RWC Medical agents Nicolas Milner and Franz Stapelberg negotiated the sale, with the expressions of interest campaign attracting 158 enquiries, 52 qualified buyers and eight formal offers.
Mr Milner said assets capable of housing highly specialised operators such as diagnostic imaging are increasingly more sought after.
“Most buildings simply can't house this equipment. That scarcity is driving the premium,” Mr Milner said.
“High fit-out costs, regulatory requirements and established patient catchments make relocation uncommon, supporting occupancy and investment performance.”
Mr Stapelberg said the asset was well positioned for a strong result, driven by momentum in the primary healthcare sector and growing national investor confidence in Brisbane ahead of the 2032 Games.
“Despite recent cash rate rises and a softer commercial property market following last year’s highly competitive investment conditions, prime medical assets have remained resilient. This result demonstrates that investors are increasingly viewing the medical sector as a reliable alternative investment class,” Mr Stapelberg said.
More than $800 million of healthcare property transacted nationally across 2024/25, with Queensland recording the highest transaction volume of any state.
