Medical Practice For Lease in St Leonards, Sydney

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Additional Photo of Medical Practice - For Lease in St Leonards, Sydney
Additional Photo of Medical Practice - For Lease in St Leonards, Sydney
Addiction Specialist Partner | Pharmacotherapy Private Sydney Clinic
Medical Practice | Posted

If you are thinking about getting a bolt on business or a part time role to supplement your income; stop looking! The state of NSW has issued 12 methadone dispensing licenses and will not release any more…this is an opportunity to own a restricted business, with high profitability and little effort to maintain.

PERIOD ESTABLISHED: The medical centre was established in 1982, some 34 years ago. The current principal has been with the practice since 1998.

OWNERSHIP: The medical centre is owned by a principal doctor (2/3 share) & NUM (1/3 share) and managed through a company structure. Note: A 100% of the clinic is being sold.

LOCATION / POSITION: Located in the North Shore Hospital Complex of Sydney. Only private exclusive pharmacotherapy clinic, on the northern Sydney suburbs.

CLINIC LAYOUT: Consists of 2 consulting rooms, private waiting room, dispensary, NUM Coffee and toilets. The rooms are modern, have sinks are fully furnished and equipped

SECURITY OF TENURE: The clinic premises are under a current lease of 5 years stemming from a 5-year option exercised in Feb 2016 to 2021 plus another 5 yr option to Feb 2026

CLINIC DOCTORS: There are currently two working male doctors (one being the principal) accredited Methadone prescriber assisted by the NUM. Principal Doctor works Tues (2.30pm-7pm) & Wed (5.30am-8.30am), being his face to face consultation time. He puts in another 3 hours/wk. in admin, meetings etc.

STAFFING: Currently, the clinic employs a handful of qualified experienced RN’s and is overseen by an experienced Nursing Unit Manager (NUM).

PATIENT NUMBERS: The principal has approx 140 pts under treatment. Note: Apparently, there is no limit or controls, on the hours worked or patient seen, from the public sector. There may be a NSW Health limit on clinics of some 350 patients.

FEE STRUCTURE: The clinic is mixed billings with an average of 30% B.B. and 70% private fees. The principal doctor receives 100% of the Medicare income of some $100,000pa wkg only 42 wks pa. The doctors averaged $50/patient/consult. Note: All medication are provided free of charge/Bulk billed by the Dispensary.

ASKING PRICE: TOTAL =$150,000 (inclusive of goodwill, plant, equipment, furniture instruments & stock)
Type of Offer For Lease
Location Herbert Street Community Centre, part of Royal North Shore Hospital, St Leonards, NSW
Remote Classification MM 1 - Major City
No. of Practitioners 1 FTE
No. of Staff 1 FTE
No. of Rooms 2
Floor Area 50 m2

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