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MEDICAL PRACTICE FOR SALE
Sunshine Coast, QLD
We have a three doctor medical practice for sale in the Sunshine Coast Hinterland, approx. 90km North of Brisbane, in South East Queensland. The well-established, one doctor surgery has a very strong and loyal patient following in an area with a shortage of doctors and has the capacity for significant expansion. The practice, premises and adjoining land are for sale on a walk-in, walk-out basis but the principal is prepared to assist with a smooth handover.
The practice is located in a 90 year old, beautifully restored Heritage listed property which is also for sale, along with a large parcel of adjoining land. The practice consists of 3 consulting rooms, a treatment room, separate procedure room, practice managers office, a staff room and spacious full-sized kitchen, leading out to a large rear veranda with an outdoor dining table and seating for 8-10 people. There is more than enough space to accommodate 3 FTE doctors and their patients. Downstairs from the surgery is an additional 100sqm of interior floor space, which can be used as accommodation for locums or converted into an additional 2-3 consulting suites.
The medical practice is predominantly bulk billing but with some private fees being charged. Based on the patient numbers the surgery has been fully booked over the last 12 months with a very healthy rate of billings per patient. With very healthy revenue figures and sound management, the surgery has been in a robust and stable financial position for some time now.
The principal offers broad based general practice services with no specific clinics being run. A podiatrist consults from the rooms two mornings per week. Pathology services are not currently available onsite although an expression of interest has recently been received. The practice offers sufficient immediate space for 3 FTE doctors with the option to significantly expand the range of clinical services by converting the downstairs area into consulting suites.
The surgery conducts 10 consulting sessions per week between Monday and Friday. The practice is fully computerised, using Medical Director and is AGPAL accredited through to February 2022. The practice employs 2 FTE reception staff along with a practice manager and nurse.
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