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College Junction Medical Centre

Settlement Completed December 2025

Westbridge Funds Management and Shore Invest have partnered to acquire College Junction Medical Centre a purpose-built landmark healthcare asset completed in 2017 comprising 2,949sqm of modern three-storey medical and office space with a 2 level basement carpark for 64 vehicles (1,490sqm of land). Located in the affluent suburb of Clayfield in Brisbane’s inner north, some 6km from the CBD, the College Junction Medical centre is a modern healthcare space, fully leased with a strong tenant mix. Anchored by Qscan, one of Australia’s leading radiology providers with a lease to 2032, and supported by diverse medical and retail tenants, the asset offers investors stable income and long term-growth potential. 

The current lease profile offers significant in-built income growth with fixed rent reviews of 3.5-4%. All tenancies are on a favourable net lease arrangement, insulating from future increases to statutory and variable outgoings. For context, this is an institutional asset previously acquired for $36.5 million by a top tier firm, with a building replacement value of $31.5M.

Why Medical?

  • Healthcare tenants are typically more resilient during economic cycles and offer more stable cashflow compared to other core property sectors
  • Significant barriers to entry remain for the supply of new medical centres
  • Opportunistic timing strategy providing an attractive entry point in the cycle prior to reemergence of institutional capital
  • The healthcare sector has traditionally been able to withstand cyclical downturns better than the core sectors such as office
  • Strong demand drivers supporting operators/tenants. These strong demand fundamentals are driven by aging population, increased chronic care needs, supply shortages and policy support
  • Construction costs, particularly for specialised facilities, are still high
  • Well-located and appropriately zoned land is both scarce and expensive

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Investment Highlights

Modern, purpose-built accommodation: The College Junction Medical Centre is a purpose-built, landmark healthcare asset constructed in 2017 comprising 2,949sqm of modern three-storey medical and office space with a 2 level basement carpark for 64 vehicles (1,490sqm of land).

Blue-Chip tenancy profile: The asset is fully leased with a WALE of 4.98 years and is anchored (55% of income) by Qscan to October 2032. Qscan is a national radiology service provider with more than 75 clinics across metropolitan and regional Australia. 

Diversified income streams: The cash flow is further supported by a diverse medical and retail tenancy mix including general practice, ophthalmology, mental health consulting, cosmetic nursing, real estate service and a coffee shop.

Prime affluent location: The asset is located in Clayfield, an affluent inner-northern suburb of Brisbane ~6km from the CBD. The asset’s prominent position on Sandgate Road, a major arterial thoroughfare connecting to Brisbane’s CBD, provides a highly accessible destination for healthcare users of all ages. The area offers high amenity appeal and hosts a variety of retail, medical and office assets.

Attractive lease structures: The current lease profile offers significant in-built income growth with fixed rent reviews of 3.5-4%. All tenancies are on a favourable net lease arrangement, insulating from future increases to statutory and variable outgoings.

Future expansion potential: The building has been designed to accommodate an additional storey, adding a further 758sqm of gross floor area equating to a 26% uplift in building area (STCA).

Yield Opportunity: The purchase yields are above long-term average yield for medical assets of 6.00% (source: JLL).

Opportune Timing: As institutional owners look to rationalise their portfolios, this provides a unique opportunity to acquire a high-quality, purpose built healthcare facility at an attractive entry point. 

How Leverage Works in This Investment

  • Like an investment property, your equity is combined with debt, giving your capital the power of leverage.
  • At a 55% LVR, every $100k invested gives you exposure to around $200k of property value.
    This means even moderate increases in value or rental income can translate into significant equity gains.

Illustrative Exit Path to Doubling Equity

  • Starting point: Purchase at $30m with ~$15m equity and ~$16.5m debt.
    Doubling equity: If the asset were sold and it netted $46m after transaction costs, after repaying the ~$16.5m loan, investors would receive as much as $29.5m back — about 2.0x the original equity contributed.

How this could happen:

  1. Rental Growth: 3.5–4.0% fixed annual increases compound to ~20% uplift in rental income over 5 years.
  2. Yield Advantage: Acquired at 7.5% yield, above the ~6% long-run average for medical assets. If sold closer to 6%, that alone implies a ~20% uplift in value.
  3. Simple Value Math: Value ≈ NOI ÷ Yield. A 20% higher NOI and yields moving from 7.5% → 6% equates to roughly 1.5x the purchase price (~$45m).
  4. Lease Re-gearing & Market Reviews: Can further enhance value

Leverage can enhance your total returns. It’s also important to note that leverage can work the other way if the asset drops in value, and it can magnify losses. That’s why it’s important to choose quality assets.

The product is issued by Westbridge Funds Pty Ltd ACN 652 852 214 AFSL number 533936. The information provided is general in nature and does not constitute investment advice or personal financial product advice. This information does not take into account your investment objectives, particular needs or financial situation. You should seek independent financial advice. Target returns are not promised nor guaranteed and are based upon a number of assumptions. Their achievement is subject to risks. Please refer to the IM for more information, noting the section on financial information and risks. The target IRR includes all distributions paid as well as the net amount (after payment of estimated costs and expenses and estimated liabilities of the Fund) which would be paid to Unitholders if the Assets were sold.  Please refer to the Information Memorandum for more information, noting the section on financial information and risks before deciding whether or not to invest. Past performance is not a reliable indicator of future performance. Units in this Fund are issued by Westbridge Property Securities Limited ABN 28091623862. AFS Licence 238386 as Trustee of the Westbridge Medical Property Fund. Westbridge Asset Management Pty Ltd ACN 151 957 676 is the investment manager of the Fund (Manager). You can obtain a copy of the IM by calling 1300 416 700 or emailing info@shorefinancial.com.au or visiting www.shorefinancial.com.au.

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College Junction Medical Centre Information Memorandum

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Commercial Property Syndication E-Book

Sophisticated Investor

In order to invest, you must be a Sophisticated Investor:

  • Gross income of $250K+ per year in each of the previous 2 years; or
  • Net assets of $2.5 million+
You will require a Sophisticated Investor Certificate from a Qualitfied Accountant in order to proceed. 

An investor who invests $500,000 or more in a syndicated offering is exempt from needing a Sophisticated Investor Certificate

Participating in Investment

This is an exceptional investment opportunity, offering strong long-term returns backed by a solid rental yield and a diverse, high-quality tenant profile.   

The minimum investment requirement is $100,000, ensuring that you become part of a focused and committed investor group.

 If you are interested in learning more or participating in this investment, register below.

Register your interest with Shore Invest

This opportunity is now closed following the successful purchase of the property in December 2025. Complete the form below to be notified about our next commercial property syndication opportunities.

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By returning this EOI form to Shore Invest, you will receive a copy of the Information Memorandum (IM). A completed EOI form is neither binding on you to subscribe for units, nor does it guarantee a full allocation of units pursuant to the issue of the IM. An allocation of units is subject to completion and receipt of an Application Form as contained in the IM.

Why Shore Invest

We understand that diversity in investment portfolios is key to long-term financial success. With Shore Invest, we offer you the chance to diversify your investment strategy by venturing into the realm of commercial property. Investors are not only attracted to the exposure of commercial assets, but also the ability to invest without needing to demonstrate personal serviceability toward the debt facilities of these assets. Most of the commercial asset acquisition will have a debt position of roughly 40-60% LVR and this loan will not have any personal guarantees associated to any of the investors and instead will be purely supported by the income of the asset itself.

This means that investors can gain access to leveraged property acquisitions where their capital is still witnessing the benefits of leverage without having to restrict their personal borrowing power.

Strategic Partnership with Westbridge Funds Management

Shore Financial has entered into a joint venture with Westbridge Funds Management, a specialist investment manager with more than 20 years’ experience delivering innovative real estate funds across Australia. With a strong track record in both commercial and residential property investment, Westbridge brings disciplined processes, transparency, and deep expertise in structuring and managing property funds.

This partnership strengthens Shore Financial’s ability to secure and manage high-quality commercial assets, while providing clients access to well-structured investment opportunities. Together, we are building on a foundation of integrity, performance, and long-term value creation to deliver growth and financial success.

What is a commercial property syndicate?

A commercial property syndicate allows qualifying sophisticated investors to collectively own high-quality commercial real estate that would ordinarily be beyond the reach for individual investors. By pooling funds together, the commercial property syndicate can acquire a larger more valuable property with better income return and capital growth potential.

Each syndicate acquires a single designated property (single property vehicle) and is legally structured as a Unit Trust, with investors applying for Ordinary Units in The Trust. Each Unit-holder is entitled to share in the income and capital of the trust, in proportion to their unit holding.

Syndicates are typically established for a set period, usually 4-5 years, after which the property is intended to be sold. The Trustee may sell the property and wind up the trust earlier if it is in the best interest of the unit holders.

The AFSL holder acts as the Trustee of the Unit trust that acquires the property and the title to the property and mortgage finance are in the Trustee’s name. Under this structure, Investors have no liability either to the mortgagor or to any trust creditors. This form of borrowing is described as “non-recourse”.

Syndicate operators are required to hold an Australian Financial Services Licence (AFSL) which imposes comprehensive and strenuous obligations on the licensee. Principals of the licensee must possess extensive relevant experience and the appropriate degree of expertise. The conduct of a licensee is tightly regulated and the company is audited annually, with the auditors certifying that the company is complying with all of its legal and statutory obligations. The affairs and finances of each Unit Trust are also audited individually on an annual basis.

Investor returns are based on the income and capital available after fees or entitlements to the AFSL holder or its associates, with the quoted annual return reflecting the amount available to Ordinary Unit-holders.

Key Terms in Commercial Property Syndication

  • AFSL (Australian Financial Services Licence): A license required for syndicate operators, ensuring they have the necessary experience and adhere to stringent regulatory requirements.
  • Capital Growth: The increase in the property’s value over time, benefiting investors when the property is sold.
  • Distributions: the payouts that investors receive from the income generated by the real estate investment. These can come from rental income, proceeds from property sales, or refinancing.
  • Income Return: The income generated from the property, distributed to unit holders proportional to their unit holding.
  • IRR (Internal Rate of Return): the rate at which each invested dollar is projected to grow for each period it is invested.
  • Lettable Area: the floor area in a building that is to be leased and in respect of which a rent is payable
  • Leverage / Gearing / LVR: the ratio of the trust’s loan capital (debt) to the value of its equity
  • Net Passing Income: the annualised rental income being received as at a certain date, excluding the net effects of amortisation of lease incentives.
  • Non-Recourse Borrowing: A borrowing structure where investors have no liability to the mortgagor or trust creditors.
  • Ordinary Units: Units purchased by investors that entitle them to a proportional share of the income and capital of the trust
  • Rental Guarantee: an agreement between an investor and the seller guaranteeing a set rental income over an agreed period of time should the property remain vacant once purchased.
  • Tenant Remix Strategy: Optimising the composition of tenants within a development, ensuring a vibrant and appealing environment that meets both tenant and customer needs. A well-crafted leasing strategy is essential for attracting and retaining high-quality tenants and optimising occupancy rates, rental income, and tenant satisfaction.
  • Trustee: The AFSL holder responsible for managing the trust, holding the title to the property, and ensuring compliance with legal and statutory obligations.
  • Unit Trust: A legal structure in which a single property is acquired, and investors purchase units representing their share of the trust
  • Yield: a measure of returns to investors that is expressed as a percentage over a set period of time.

Benefits of Syndicated Property Investment

  • Less Initial Capital Outlay: Individual investors might not be able to acquire larger properties due to the higher initial capital outlay required. A property syndicate will avoid this issue as you can pool funds to acquire higher valued properties.
  • Grow Your Portfolio: The pool of funds will help you acquire larger properties with greater growth potential. Also, with a low initial capital outlay, you can save future funds for other investments as you will not be indebted.
  • Access More Property: Investing in more than one property is ideal. A property syndicate will allow you to invest in multiple properties to help you maximise your earnings potential.
  • Diversify Your Investment Portfolio: A property syndicate, created with pooled funds, will help you to access different types of property. Diversifying your portfolio helps you spread your risk. 
  • Save Time And Money: Investing in a professionally managed property syndicate will enable you to save time and money. As your investment is managed for you, you can spend more time considering how to grow your portfolio and less time worrying about administrative matters.
  • Regular Income Distributions: Monthly or quarterly income distributions at fixed rates throughout the term of your investment.
  • Stable Returns: By diversifying your investment in a property syndicate arrangement, you will be able to balance your risks. This will help you safeguard your investment from shocks in the market and ensure that your investment remains stable on an upward trajectory.
  • High Entry Barriers made Acceptable: Commercial properties typically demand a significant capital outlay, often placing them out of reach for the average investor. Unit trusts democratise this by pooling resources from multiple investors, enabling participation with a fraction of the cost it would take to buy a property outright.
  • Tax Advantages: These may include deductions for property-related expenses and the potential for capital gains tax concessions.
  • Tangible Asset with Potential Capital Growth: While the regular rental yield provides cash flow, the underlying property offers potential capital appreciation. In burgeoning economic hubs across Australia, commercial property values have seen consistent growth. Investing via a unit trust allows you to benefit from this appreciation, even if you only own a fraction of the asset.There is also the confidence of owning a tangible asset as opposed to shares in a compay that you’ll never see or physically hold.

Risks of Syndicated Property Investment

  • Market Volatility & Economic Factors: Economic downturns, interest rate fluctuations, regulatory changes.
  • Tenant-Related Risks: Tenant default, lease expiries & vacancies.
  • Illiquidity of Investments: Most syndicates have a projected hold period of four to eight years. Your investment will likely remain locked up for the entire duration with little opportunity to exit early.
  • Location & Market Dynamics: Location-specific risks, supply & demand imbalance.
  • Operational & Management Risks: Property management challenges and also maintenance & repair costs.
  • Regulatory Changes: Changes in government regulations, such as zoning, tax policies & environmental regulations which can impact property values & development potential.

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