Vincent Street Medical Centre
275 Vincent Street, Cessnock NSW
A purpose-built freehold medical investment now anchored by two ASX-listed tenant covenants — Healius Limited and Wesfarmers Health.
Investment Highlights
A rare opportunity to acquire a purpose-built, fully leased multi-disciplinary medical centre underpinned by two ASX 200 listed tenant covenants. Both leases offer long unexpired terms with built-in fixed and CPI-linked annual reviews — delivering reliable, defensive, non-discretionary healthcare income.
ASX-Listed Tenant Covenants
Income secured by two of Australia's leading listed healthcare operators
Healius Limited
Healius is one of Australia's largest healthcare companies, operating the Laverty Pathology network nationally. The Suite 1 & 4 lease (763 m²) is held by Healius subsidiary Idameneo (No 123) Pty Ltd, trading as All Ways Healthcare — providing GP services since 2004 and Laverty Pathology.
Wesfarmers Health
Wesfarmers Health (a division of Wesfarmers Limited, ASX:WES) operates the Pharmacy 4 Less and SILK Laser network. The Suite 2 & 3 pharmacy lease (255 m²) is operated under the Pharmacy 4 Less banner following Wesfarmers' acquisition.
All Ways Healthcare — Fully Bulk Billed
Strengthened by the Federal Government's $8.5 billion Medicare investment
All Ways Healthcare has transitioned its Cessnock centre to a fully bulk billed medical practice, supported by the Federal Government's historic $8.5 billion Medicare investment. The move has significantly improved affordability and patient accessibility, driving increased community demand and reinforcing the tenant's long-term role as a critical healthcare provider within the Hunter region.
Tenancy Summary
Net leases with CPI-linked or fixed minimum reviews — current charges as at 30 July 2025
| Suite | Tenant / Trading As | Area (m²) | Net Rent p.a. |
|---|---|---|---|
| Suite 1 & 4 | Idameneo (No 123) Pty Ltd All Ways Healthcare — GP Clinic & Laverty Pathology | 763 | $312,185 |
| Suite 2 & 3 | EJU Pharmaceuticals Pty Ltd Cessnock Chemist — Pharmacy 4 Less | 255 | $108,592 |
| Total | 1,018 | $420,777 | |
*current charges as at 30 July 2025; reviewed rent as at 1 July 2026
Income Profile
Net passing income by tenant — WALE 8.4 years by income (as at 1 May 2026)
Property Gallery
Weighted Average Lease Expiry
As at 1 May 2026
Location
Cessnock — the Gateway to the Hunter Valley vineyards — is located 50 minutes* from the Newcastle CBD and 2 hours* north of Sydney. The Property is positioned on Vincent Street within an established business precinct anchored by Bunnings, Mitre 10 and surrounded by an established residential catchment.
Sale Process & Contact
275 Vincent Street, Cessnock is offered for sale off-market via Expressions of Interest. All inspections are by prior appointment with the exclusive agent.
