20 YALANDRA COURT, WEST ALBURY

Memorandum

20 YALANDRA COURT WEST ALBURY NSW

To Be Sold by Expressions of Interest

Closing 3pm AEST Wednesday 26 June (Unless Sold Prior)

Investment Highlights

Establised Vacant Medical Facility

Albury-Wodonga Healthcare Precinct

+ Recognised healthcare precinct near Albury-Wodonga Private Hospital

+ Surrounded by supporting medical & allied health facilities including orthopedics, urosurgical, cardiac centre, heart specialist, cancer clinic, & pathology.

+ Substantial 2,922 sqm* landholding with recent modern medical grade fitout

+ Multiple consultation and waiting rooms: Features thirteen consultation rooms (one with a semi-ensuite) and three separate waiting areas, ensuring privacy and comfort.

+ Specialised Rooms: Boasts four individual nursing rooms and a fully equipped procedure suite with storage and sterilising area

+ Ample Parking: Forty on site car parking spaces provide ample room for staff and patient vehicles

+ Potential Net Income (Medical): $200,000 - $300,000 pa + GST

The Healthcare Market

The healthcare industry contributes to 7.4%* of Australia’s GDP and is projected to increase by 4.7% annually over the next ten years.

Healthcare Spending

From FY10 to FY20, the total expenditure on healthcare in Australia grew at a compounded annual rate of 5.3%, exceeding the broader economic growth rate (GDP) of 4.3% per year during the same period.

Demographic Changes

The population of Australians aged 65 and above is expected to increase by 3.1% per annum over the next decade, which is in line with the ageing trend observed in most developed countries. This demographic shift is a significant growth driver for the healthcare sector, as older individuals tend to spend more on healthcare expenses, including private hospital visits and government-subsidized allied health services.

Employment

Deloitte Access Economics (DAE) predicts that employment in the healthcare sector will expand by 3.2% per year over the next ten years, which is more than double the expected overall employment growth rate of 1.5% per year during the same period.

Healthcare Investments Performance

Compared to other sectors, the Australian healthcare market has exhibited lower levels of volatility and weaker downside risk, particularly during market downturns. In 2021, the healthcare sector’s returns hit a new high of 24.9%. Additionally, average healthcare yields decreased by 117 basis points during the same year, surpassing the average yield compression of office, retail, and industrial sectors, which currently stand at a historically low 4.8%.

Ideal medical location in key healthcare precinct

Property Overview

20 YALANDRA COURT, WEST ALBURY NSW 2640

Title Details

Land Area

Building Area

Lot 74 Deposited Plan 877760

2,922sqm* (as per Valuer General NSW1)

620 sqm* (as per floor plan)

Local Council Albury City Council

Zoning R1 General Residential

Zone R1 - General Residential

Albury Local Environmental Plan 2010

Objectives of zone

+ To provide for the housing needs of the community.

+ To provide for a variety of housing types and densities.

+ To enable other land uses that provide facilities or services to meet the day to day needs of residents.

+ To encourage affordable housing.

+ To encourage medium density housing that is designed to achieve a high standard of amenity.

Permitted with consent

Attached dwellings; Bed and breakfast accommodation; Boarding houses; Centrebased child care facilities; Community facilities; Dwelling houses; Group homes; Helipads; Home industries; Hostels; Multi dwelling housing; Neighbourhood shops; Oyster aquaculture; Places of public worship; Pondbased aquaculture; Residential flat buildings; Respite day care centres; Roads; Semi-detached dwellings; Seniors housing; Serviced apartments; Sewage reticulation systems; Shop top housing; Tank-based aquaculture; Water recycling facilities; Any other development not specified in item 2 or 4

Property Profile

20 Yalandra Court, West Albury NSW

Site Description:

20 Yalandra Court, West Albury is strategically located in a recognised healthcare precinct, surrounded by many other supporting medical & allied health facilities including orthopedics, urosurgical, cardiac centre, heart specialist, cancer clinic, & pathology.

This location enjoys easy access to Pemberton Street, a key arterial which leads directly into Albury CBD. The property is zoned as R1 - General residential, however having been granted commercial use for both childcare in the past and currently serving a medical use given its close proximity to Albury-Wodonga Private Hospital.

The property encompasses a substantial 2,922 sqm* landholding, recently upgraded with a modern internal medical-grade fitout. It offers thirteen consultation rooms, one featuring a semi-ensuite, alongside three separate waiting areas designed to ensure privacy and comfort. The facility includes four dedicated nursing rooms and a fully equipped procedure suite complete with storage and sterilising areas. A large reception area is complemented by a dedicated filing and communications room. Additionally, there are forty on site car parking spaces, providing ample room for both staff and patient vehicles.

*Approx.

West Albury NSW

Albury City LGA - Key Growth Region

330km*

South East from Canberra CBD

West Albury is located within the Albury City LGA, approximately 330km South East of Canberra's CBD. The city is situated on the banks of the Murray River, in the Riverina Region of south eastern NSW, and the border of northern Victoria. It is the major retail, commercial, administrative and cultural centre for the region, with a well structured local economy underpinned by key industries including manufacturing and construction. Albury City has an economic output of $9.24 billion, with approximately 4,700 businesses located in the area facilitating more than 29,487 jobs.

According to the 2021 ABS Census, 25.8% of the population in the Albury LGA were aged 60 and above, underscoring an older demographic with a greater reliance on medical services and systems. The largest industry's within the region are manufacturing and construction, which collectively account for an economic output of approximately $3.25b annually (35.1% of total output). The AlburyWodonga region is a significant growth precinct, with a population set to increase dramatically by approximately 36% to 2046, creating a new 'economic hub' on the border between NSW and Victoria.

Supplementing this growth, there has been a plethora of infrastructure developments that have been approved and will continue to shape the ever growing region. Both the NSW and Victorian governments have granted a $558m redevelopment to the Albury Wodonga Hospital, which will see an extensive mix of new and refurbished facilities. Furthermore, a $202m Inland Rail project has just been awarded, which will travel just north of Wagga Wagga to Illabo.

Albury Wodonga Hospital

$558m Announced Redevelopment

+ Albury Wodonga Hospital will undergo a significant $558m redevelopment, that will see a mix of new and refurbished facilities, including a brand new intensive care unit and the construction of a clinical services building

+ The NSW government have contributed $333m towards the project and the Victorian government have contributed $225m

+ The project is expected to be completed in 2028, and will provide a contemporary health facility to meet the future needs of the growing Albury region

+ Albury Wodonga Hospital is situated on the southern side of Albury-Wodonga, and will become one of the largest medical facilities within the southern NSW and northern Victorian region.

+ Stage one of the $36m Emergency Department is expected to be completed by early next year, with the short-stay unit to be completed by the middle of 2024.

Method of Sale

For Sale By Expressions of Interest

Closing 3pm AEST Wednesday 26 June (Unless Sold Prior)

Inspections

Inspections can be arranged by prior appointment. Please contact the sales agents to register your interest.

Expression of Interest Form

Click here to request Expression of Interest Form Sale Contract

Available on request

Click here to request access to the due diligence data room

Click here to request a Contract of Sale

Disclaimer

The information contained in the report/information memorandum has been prepared in good faith and due care by the Vendor and Burgess Rawson. Any projections contained in the report therefore, represent best estimates only and may be based on assumptions.

The information contained herein is supplied without any representation as to its truth or accuracy. All interested parties should make their own enquiries to satisfy themselves in all aspects and obtain their own independent advice in order to verify any of the information. All stated dimensions and areas are approximate.

The vendor does not represent or warrant the accuracy of any information contained in this document. Subject to any statutory limitation on its ability to do so, the vendor disclaims all liability under any cause of action, including negligence, for any loss arising from reliance on this document.

Specifically, we make the following disclosures:

+ All areas, measurements, boundaries, car space numbers, rents are approximate only and subject to final confirmation

Intellectual Property

The information contained in the report has been prepared in good faith and due care by Burgess Rawson. The contents of this document are proprietary to Burgess Rawson this includes: research including transactional data and reproduction of this information by any other part is not authorised. All other information contained herein is from noted sources deemed reliable, however Burgess Rawson does not represent or warrant the accuracy of any information contained in this document.

GST Disclaimer

Burgess Rawson advises that the financial information in this report relating to income, outgoings and the like is provided without reference to the possible impact of GST, if any. Purchasers should make their own assessment of the impact of GST on the investments and the returns derived there from after obtaining expert professional advice.