The Experteeth Dental portfolio includes 10 properties across NSW and Tasmania. Image: Supplied.
  • Located across metro Sydney, regional NSW, and Tasmania
  • 3.5% annual rent increase and 10 year WALE
  • Fully leased net income p/a is circa $722,000

A portfolio of 10 dental clinics is open wide and ready for inspection, as The Experteeth Dental Group Portfolio comes to market.

Filling in on the details, the portfolio includes dental clinics in metropolitan Sydney, Coonabarabran, Dubbo, Narrabri in regional NSW, and Burnie and Deloraine in Tasmania.

The portfolio includes 3.5% annual rent increase and a 10-plus-five-plus-five essential service covenant.

The portfolio also includes a laboratory and dental supply company, as well as a graduate program. On top of this, there is a 10-year WALE and a diversified income stream through a mix of office, retail and warehousing. The fully leased net income per annum is approximately $722,000.

Assets a safe haven during volatile times

Colliers‘ John McCann said: “During a period of volatility across the vast majority of Australia’s investment markets, premium investments such as medical have been an area of focus for many.”

“Typically secured by a strong tenant covenant on a long lease term, we have witnessed a surge in appetite for essential service assets which offer investors cash flow security and a return far greater than savings or idle cash in the bank.”

Colliers’ Andrew Bui added: “As a result of the current economic environment, uncertainty and volatility throughout equity markets, Colliers have been overwhelmed by the demand from local investors, self-managed super fund, syndicates and institutional grade investors seeking city, metropolitan and regional assets sub-$20 million.”

“Flight to quality has been an ever-present trend and proven strategy for wealth creation and preservation majorly impacting real estate markets, and the demand for core, defensive assets has only intensified.

“The main investment fundamentals of high-performing medical investments have shown to be extremely resilient and attractive throughout the current market conditions.”

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