Shopping Centre GP Next to a Head Tenant

Parramatta NSW
Asking Price $300,000 ONO
Highlights of the business:

- Shopping centre based w/3 hrs free parking onsite
- Travelator+/or lift access for frail/elderly pts
- Walking distance to train station
- SWPE = 2,111
- Multi-disciplinary
- 3x Drs (2x F/T&a locum - 70/30%)
- 7CR's &a path rm
- Really lge waiting area &a reception for 2x admin

2023 billings were $990K + 2022 were $790K so on a growth trajectory post COVID.Woolworths&ALDI as head tenants so busy pedestrian foot traffic past the entrance.

Vendorsubleases this space from his neighbourthe dentist; not directly through the centre m'ment. Outgoings (approx$60K). They are currently finalising the market review (as per the process within the lease) for the next 10 yrs so I can send through the new lease if this is of interest to you once it is finalised. His neighbour on theother side is one of the head tenantsso LOADS of pedestrian traffic past the door.

Now a mixed billing clinic, with some private pts w/out a M/Care card. Path pays $80K pa +there is an audiology subtenant. Podiatrist + dietitian pay 70/30% fee split.

There is visitingPhysio +EP. VMO Geriatrician wks 1 day/month.

Accredited in Jan '23 so no need to do this until Jan '26!

Services offered:
* Men's + Women's Health
* Antenatal &Postnatal Care
* Health Assessment for over 75
* Immunizations + Travel Vaccines
* Cryotherapy
* Minor Surgeries
* Workers Comp
* Diabetes M'ment
* Pap Smears &Family Planning

The team at this practice believe in a collaborative approach, integrating theirservices with specialists and other allied health professionals:
* 1x F/T lady doing the reception &PM duties
* 4x (cas) admin to assist as reqd
* 1x nurse (cas) wkg 9-2.30pm

Site visits may take place after an online meetingw/the owner, after hrs when the practice is closed to maintain pt&team confidentiality; during the shopping centre hrs, or on Saturday's before 1pm or after 5pm.

Vendor will stay on a part time basis post settlement if required and suitable terms are negotiated with the new business owner.

Vendor is seeking $300K ONO for a quick sale!

Broker:Sally Stuart

Ref: NSW10973
Ref: NSW10973
Timestamp: 2024xxxxx
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