Palladium Private Maleny for sale with price guide of $9.2m

Situated on an 8.14 hectare site at 67 McCarthy Road in Maleny, the property is in a retreat setting in the region’s hinterland and is an accredited residential treatment facility under the NSQHS.

It is being taken to the market via an Offers to Purchase campaign run by Sam Biggins and Matthew Beaumont of Knight Frank on behalf of the vendor, Palladium Private, a subsidiary of Sana Health Group, a leading private equity-backed mental health provider.

The property is offered for sale with a 20-year leaseback in place to Palladium Private, plus a further four five-year options.

The price guide if $9.2 million which reflects a net yield of approximately 8.75%.

Palladium Private Maleny has recently undergone a significant expansion and refurbishment and now has 24 beds, across eight private cabins, in addition to a main building with dining and breakout areas, nurses’ office, therapy rooms and massage rooms.

The facility also has a gymnasium, two group therapy room and two swimming pools.

Mr Biggins said the sale campaign was expected to generate strong interest from buyers, with key attractions of the investment including its strong covenant and current infrastructure, its existing development approval and prominent location.

“The asset will be sold with a 20-year leaseback in place to a private equity-backed tenant with multiple locations and with sustainable commercial leaseback rates with a CPI-linked review mechanism,” he said.

“The income is strongly supported by DVA funded clients, with veterans comprising more than 5.5 per cent of the local population.

“On top of that the location is huge drawcard, with the property situated in the Sunshine Coast hinterland, easily accessible to Brisbane and the Sunshine Coast airport, with direct flights to cities across Australia and New Zealand.”

In addition to the existing facility, Mr Biggins noted that the property had existing development approval for a further expansion of group therapy and recreational areas.

“In 2024 the facility underwent a significant expansion from 18 to 24 beds as part of an ongoing CapEx program, with major refurbishment works also undertaken,” he said.

Mr Biggins said healthcare was becoming an increasingly popular sector amongst investors.

“Demand for healthcare services is on the rise, and mental health services are in particularly strong demand,” he said.

“Despite this, there is an undersupply of modern purpose-built facilities providing care.”

The Offers to Purchase campaign for the property will close at 3pm (AEST) on Thursday May 1.

For more details contact Sam Biggins