Read: What Makes Clayfield a Top Pick Suburb for 2025?

The high-profile site, occupying 829 square metres, achieved a 5.68 per cent yield, marking one of the tightest medical property results in 2025. The complex is anchored by the long-established Junction Road Family Practice, which has operated since the centre’s construction and now has 11 doctors. The facility also houses QML Pathology and a complementary mix of allied health, retail, and office tenants.

Sales information shows the listing generated 259 enquiries and attracted six registered bidders. Interest came from both private investors and medical practitioners across Australia, reflecting the ongoing demand for healthcare-backed assets in well-established suburbs.

Clayfield, about seven kilometres north of the Brisbane CBD, is known for its accessibility and strong suburban character. Its established residential base and convenient location continue to support demand for local healthcare services.

Located along Junction Road, the centre benefits from strong visibility and accessibility within Clayfield. The mix of tenants and the established GP anchor contribute to the property’s appeal, offering investors long-term stability and steady returns.

The transaction was handled by Ray White Retail Queensland agents Lachlan O’Keeffe and Michael Feltoe, who have achieved several successful healthcare sales across the state. Their team noted that the Clayfield sale represents one of the tightest medical yields achieved this year and reflects continued investor confidence in essential-service real estate.

The sale adds to Ray White Retail’s recent record of strong outcomes in the healthcare investment market. With investors continuing to seek defensive assets backed by reliable tenants, healthcare-anchored properties like Bonney Place Medical Centre remain among the most competitive on the market.

Read: Rapid Sale: Clayfield Apartment Snapped Up Within Hours of Listing

For Clayfield, the result reinforces the suburb’s appeal as a location combining accessibility, established infrastructure, and essential community services. While ownership has changed, Bonney Place Medical Centre continues to serve as a key local healthcare facility.

Published 4-November-2025

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Originally, the land on Junction Road was owned by William Pettigrew, a 19th-century alderman and a former mayor of Brisbane. Prior to his life as a public servant, he was also a surveyor who managed a sawmill business, thus he was familiar with the quality and profitability of timber.

When the railways opened, Clayfield attracted more residents as well as businesses.  In the 1860s, his property on Junction Rd was sold and subdivided for residential and railway developments.

In 1920, the Hough family constructed a store with a residence along this site on Junction Road, which was close to the Sandgate railway station. Two years later, Henry and Lilias Greenham acquired the building from the Houghs. The Greenhams ran a grocery store but did not live on the property.

Read: The Old and the New: Evolution of Sandgate Road in Clayfield

From General Store to Other Businesses

Around 1926, the Junction Rd shop became “JD Postle & Son” which sold general merchandise until the Second World War. 

When Mr Greenham died in 1951, the site was sold to a new owner. By then the Postles had left Brisbane, except for Albert (the leftmost person in the photo), who established AV Postle Real Estate, which remains active to this day.

After the Postles, the shop and residence became Lukey’s Groceries with a framing shop, owned by Ted and Bertha Lukey. They had a son who grew up in the area, went to the Eagle Junction School, and served in the war.

The shop and residence was also the home to the first outlet of Margaret Woodcarft Cheesecake. In the ’60s, the site was a barbershop operated by Trevor Mellit. In the ’70s, the shop and residence became an antique store managed by Kerry Murphy.

The building became a restaurant in the 1980s until Queensland Rail acquired the property.  In 2012, the site was sold for $650,000 to its new private owners.

Read: Demand Continues Its Upward Track in the Clayfield Property Market

Heritage Listing on Junction Road

In 2015, the shop and residence became the Wooden Horse Restaurant & Bar owned by siblings Dane and Morgan Hoey. The establishment is known for its brick oven pizza and has continued to operate post-pandemic. 

The site was entered into Brisbane’s Local Heritage Places in 2005 for demonstrating the evolution of commercial services in Clayfield. The building is also cited for its use of early 20th-century traditional timber and corrugated iron roofing. 

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