St John of God Health Care has announced they are selling a strategic industrial investment in the thriving regional town of Ballarat, located in Victoria.

Burgess Rawson’s Jamie Perlinger and David Napoleone, who are overseeing the sale of the property at 33 Grandlee Drive, Wendouree, reported significant interest from investors across the country within days of listing the asset.

Mr Napoleone commented that the record low industrial vacancy rate across Australia but particularly in Victoria has given investors the confidence they need to pursue this asset class as a long term investment.

According to Mr Perlinger, St John of God Health Care boasts a robust network of over 27 hospitals spanning Australia and New Zealand, establishing its position as a leading Catholic not-for-profit healthcare provider. Further, the property is crucial to the group’s operations as a network support facility which manages stock for their Victorian locations.

Founded in Western Australia in 1895, the organisation operates a diverse range of healthcare services, including medical, surgical, and maternity care, along with hospitals, home nursing, and social outreach services throughout Australia.

The property was built and first occupied by St John of God in 2007 and they are offering the property on a leaseback basis, complete with a new seven-year lease at an initial net annual rental of $220,000.

The property, positioned on a substantial 4,144 sqm site, features an impressive 1,503 sqm distribution facility encompassing office, warehousing, and 30 car parking spaces. Interested parties can participate in the auction event hosted by Burgess Rawson, scheduled for February 21, at Crown Casino, where the property will be presented as part of the Portfolio Investment Auction 166.