W Sydney busy solo GP w carparks! MMM1 no DPA.

Retirement beckons for this husband + wife GP + PM team….will you be the next GP for this established + accredited (til 2027) GP practice? The current GP vendor will leave after transitioning his patients in the hands of the new GP owner. His wife and PM will also retire post-handover so you will need to bring a PM with you or be ready to hire one for takeover!

Overview

• Lease til April 2025 (with a 6 month extn til Oct 2025) w/ another 5 yr term avail (landlord is the previous GP practice owner and will offer a new long term lease to the incoming business owner))
• Using BP w/ SWPE – 959 (SW Sydney PHN)
• 3x CRs in this ground floor clinic with one being used as a children's playroom currently
• Single bed Tx rm
• No path onsite as only 1x GP
• DHM collects path but no subtenant onsite as there is a branch in this suburb not far away.
• PN wks 20 hrs/wk (cas) + another being recruited
• Upstairs was a residential unit but can be rented to the incoming buyer if reqd to double the footprint of the practice
   

Located at a busy intersection in Western Sydney, there is a bus depot + train station 5 mins walk from the practice w/ car parking avail at the rear for the staff. The incoming buyer will need to be an unrestricted VR GP; ideally with additional language skills due to the make-up of the pt demographics. The suburb in Western Sydney is one of the most multicultural + culturally diverse in Australia w/ more than half of the residents having been born overseas, mostly in non-English speaking countries. Many of these pts come to the clinic & are privately billed as no Medicare card. Also, workers comp pts seen here are privately billed.

With approx 400 units approved to be built just 100m from this clinic, there will be a new pt base moving into this area shortly! Currently the owner is working 6 days/wk so there is a lot of potential to add additional GPs to this practice as well as to open extended hrs.

• Mon to Thurs 8:00am–5pm (1-2 closed), Fri 8-4pm + Sun 10-3pm, Sat closed

Operational for over 40 years, it was created before a DA was required. A new buyer will retain 'existing use right' to run this practice as a medical centre. In addition, the number of GPs that can be working at this clinic is not regulated by either the size of the practice or the number of the car parks.

Site visits can be undertaken anytime during business or after-hours Mon to Thurs, Fri before sunset, Sun anytime.

• Broker- Sally Stuart
• E: [email protected]

Ref: NSW10897