OzProp sells Margate Medical Centre to Annerley for $10.57m
OzProp sold the Margate Medical Centre to Sydney-based Annerley Group for $10.57 million at a 6.59% net passing yield, per Real Estate Source.
- Source Briefing
- Read original source · Real Estate Source
Real Estate Source reported on 11 November 2026 that OzProp, a Gold Coast fund manager, has sold the Margate Medical Centre at 279-287 Oxley Avenue, Margate, on the Redcliffe Peninsula, for $10.57 million. The buyer is Sydney-based Annerley Group, which the outlet places in Martin Place.
Why it matters
For agents and investors, it is a regional healthcare sale where an interstate buyer paid a 6.59 per cent net passing yield, according to the report. OzProp had owned the asset for 12 years. Stonebridge Property Group agents Harrison Coburn, Michael Collins, Thomas Proberts and Aike Sakeson ran the off-market sale.
The news that moved today. Free email. Every weekday morning.
The outlet says Margate is roughly 25 kilometres north of the Brisbane CBD. It describes a medical and allied health property that includes an office tenanted by a federal government agency.
The numbers
The report gives no price per square metre or valuation, so none is stated here.
- Price: $10.57 million.
- Net passing yield: 6.59 per cent.
- Site: 3,240 sqm at the north-west corner of Keenan Street.
- Lettable area: 1,147 sqm across two floors.
- Weighted average lease expiry: 1.9 years.
Imaging Queensland, which the outlet links to ASX-listed Integral Diagnostics, and a Smiles dentist hold the clinical tenancies. The offices are leased to Centrelink and atWork Australia, an employment services provider.
What’s next
With leases running out soon, the outlet says the buyer has room to renegotiate tenancies. The asset sits on two titles, so it could be split and sold in parts.
Annerley co-founder and chief investment officer Jay Anderson cited the location, the healthcare services already on site and the parking as drawcards, per the outlet.
The land is zoned District Centre. The report notes potential to build up to 12 metres high. It faces the Woolworths-anchored Margate Village Shopping Centre, which the report says about 12,900 vehicles pass each day.
The report does not state a settlement date.
Related: Moreton Bay five-star hotel precinct
Quick answers
Who bought Margate Medical Centre in Queensland from OzProp?
OzProp sold the Margate Medical Centre to Sydney-based Annerley Group for $10.57 million at a 6.59% net passing yield, per Real Estate Source.
What are the key numbers for Margate Medical Centre?
sale price: $10.57m; net passing yield: 6.59%; lease expiry: 1.9 years.
Where does this information come from?
This story cites Real Estate Source. Every source is linked on the page.
Sources
Also reported by
- Real Estate SourceOzProp hands Brisbane healthcare asset to interstate buyer
Filed by the AusDev Queensland Desk. How we report.