COMMERCIAL property investor and funds manager Arcana Capital has launched, for wholesale investors, an investment trust opportunity for the acquisition of a medical clinic located in Bowen Hills in inner Brisbane.
The strategically located medical clinic, with a purchase price of $14.6 million, forms Arcana’s 36 Edmondstone Rd Bowen Hills Unit Trust and is now available as a sophisticated investment opportunity for wholesale investors.
Colby Phillis, Manager – Investor Relations at Arcana Capital, said that the property is located in one of Queensland’s premier healthcare precincts.
“The property is in close proximity to the Royal Brisbane and Women’s Hospital, the Herston Specialist Clinic and the Bowen Hills Medical Specialist Centre and represents a strategic buy in an established healthcare hub.
“We expect the area to benefit from a number of key infrastructure projects across Brisbane in the coming years.
“We are forecasting annualised distributions of 7.7% per annum for Years One and Two for participating wholesale investors.”
For more information and to register your interest please visit here.
Arcana has entered into a contract for the $14.6 million purchase of 36 Edmondstone Rd, Bowen Hills – with a long anchor lease to a leading Australian fertility clinic. The recently refurbished building comprises 2,157m2 of net lettable area, 29 on-site carparks, abundant nearby street parking, and convenient access to public transport.
The property currently contains a vacancy covered by rental guarantee in addition to the fertility clinic anchor tenancy, offering the potential for value uplift through leasing during Arcana’s pending management of the site.
The Weighted Average Lease Expiry (WALE) by area (as at 19 November 2024) is 8.02 years.
Headed by former Premier of Queensland and Lord Mayor of Brisbane, Campbell Newman, Arcana Capital has been operating since 2015, and has successfully completed the acquisition and ongoing management of 37 properties worth over $271 million and raising over $163 million in investor equity.
In 2024, Arcana Capital added to its Australia-wide portfolio of commercial, industrial, fuel, medical, and non-discretionary retail assets with the acquisition of:
- A modern suburban office facility at Modbury, SA for $8.5 million;
- An A-Grade Government-anchored office in Toowoomba, QLD for $8.48 million; and
- Two high-yield government-anchored offices in Burnie, TAS for a combined $11.75 million.
Disclaimer:
This information has been prepared by Arcana Capital Pty Ltd ACN 609 576 623, AFSR 1245173 as an Authorised Representative of Arcana Capital Funds Management Pty Ltd ACN 633 164 155 AFSL 518744.
The information is only for investors who qualify as wholesale clients under sections 761G of the Corporations Act 2001 (Cth) or to any other person who is not required to be given a regulated disclosure document under the Corporations Act. The Information is not investment advice. It is general information only and does not take into account the investment objectives, financial situation or particular needs of any prospective investor.
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