SOLD Multi-Doctor General Practice LG16579

Accredited - Bulk Billing - Eastern Suburbs

This large, accredited practice was established in 1993 and has built up a loyal patient base. It is located in a built-up residential area in close proximity to Eastlink and other major roads. It shares the large and well-appointed premises with a dental practice and a Pathology service.

The two partners are looking to reduce their working hours but are willing to transition out of the practice over an extended period. They are supported by an experienced Practice Manager as well as reception and nursing staff.

In addition to the partners there are 2 full-time and 4 part-time associates. Turnover exceeds $1.5 million per year. The Pathology Service contributes substantially through an attractive rental arrangement.

There are 5 consulting rooms, 2 treatment rooms, reception and waiting area, an office, children's play room, baby change room and 25 on-site parking bays. The building is rented under a long term lease (7 x 7 x 7 started November 2011). The rental was renegotiated and is currently $6,700 pcm.

The partners are seeking suitably qualified and Vocationally Registered General Practitioners to purchase the medical practice. The practice would also be an attractive acquisition for a corporate group or investors looking for a sound return.

The asking price reflects the quality of the practice and the strong financial performance.

For further information please email xxxxx quoting LG16579.