Healthcare practitioners deserve to welcome their patients to modern real estate that offers a spacious reception and waiting room, a consultation room with windows, a state or the art treatment room, and secure parking for all. Finding the perfect site can be time consuming.

Whether you have an established patient base or are looking to grow your practice, here are a few things for you to consider while looking for your next healthcare home. Learn more at rxproperty.com.au

STEP 1: Know your market

Do your research on the local real estate market to understand the demand for commercial space in your area. This will help you identify the types of properties that are in high demand and the areas that are likely to see the most growth.

STEP 2: Network

Building relationships with other real estate professionals, such as brokers, evelopers, and property managers, can help you stay informed about new listings, market trends, and other important industry information.

STEP 3: Get financing

Get financing: Before you start your search for a commercial property, it’s important to secure the financing you need to make a decision. This may involve working with a lender, seeking out investors, or using other financing options.

STEP 4: Hire a professional

Consider appointing a medical property adviser to help you navigate the buying or leasing process. They have access to listings and market data that you may not have access to, and they can provide valuable advice and guidance as you make your decision.

STEP 5: Due diligence

Before finalising any property decision, it’s important to conduct thorough due diligence on the property. This may include reviewing financial and legal documents, inspecting the property, and seeking out the opinions of experts such as architects, engineers, lawyers and accountants.

STEP 6: Consider location

The location of a commercial property can have a significant impact on its value and potential for success. Look for properties in areas that are accessible, wellconnected, and in close proximity to amenities, transportation, and other important features. Try and consider integration, choose a location that brings a range of healthcare services together which is the perfect model for getting referrals from other healthcare practitioners for the same patient.

STEP 7: Negotiate

Don’t be afraid to negotiate the terms of your lease or purchase agreement. This may include the length of the lease, the rent or purchase price, and any other important terms and conditions. For a lease, note that Incentive, Initial Term, Rent /sq.m will influence one another. One good tool is to compare the Net Effective Rent amount /sq.m per annum between options to get a sense of what you are really paying.

STEP 8: Plan for the future

Consider the future potential of a commercial property when making your decision. Will it meet your needs in the years to come, or will you need to move to a different location? Will it appreciate in value over time? Will you be able to have the security you need to run a business long term? These are important questions to consider when making your decision.

About Rx Property

Rx Property is a specialist Healthcare Property Brokerage and Medical Commercial Real Estate

Rx Property works with clients across the health sector — doctors, allied health professionals, developers and investors — to deliver tailored real estate solutions that meet the demands of an ever-evolving healthcare landscape.

Learn more: rxproperty.com.au or call 1800 959 836.

Introducing Bryce Stickland, Principal, Rx Property

Bryce Stickland is an award-winning healthcare real estate agent who has spent more than a decade building his combined expertise in healthcare, business development and property sales and leasing.

Having worked closely with surgeons and hospital operators over a number of years as a Territory Manager with one of the world’s leading medical device companies, Bryce understands healthcare delivery and the vital role built environment plays in enhancing the patient journey and achieving optimum health outcomes.

It is this insight, along with his business and real estate expertise, that he brings to solving the specific challenges faced by operators and investors who are buying, selling, and leasing in the healthcare real estate market.

Connect with Bryce:
bryce.stickland@rxproperty.com.au
0459 448 54

Disclaimer: Stickland Realty PTY LTD does not guarantee, warrant or represent that the information contained in this advertising and marketing document is correct. Any interested parties should make their own enquiries as to the accuracy of the information. We exclude all inferred or implied terms, conditions and warranties arising out of this document and any liability for loss or damage arising there from.