Eden Rehabilitation Hospital
Property Summary
As at 30 Jun, 2020
Asset class:
Rehabilitation hospital
Market value:
A$27,308,599
Market capitalisation rate:
5.50%
WALE:
17.4 years
Occupancy:
100%
Major tenant:
Healthe Care
Location:
50 Maple St, Cooroy QLD 4563
Wale:
17.4 years
Eden Rehab is a 48-bed private inpatient rehabilitation hospital and medical centre located in Cooroy, approximately 25 minutes inland from Noosa in Queensland. Leased to Healthe Care, the facility provides 54 car-parking spaces, and was first constructed in 1910 with regular refurbishments occurring since then, including a refurbishment and conversion of the upper floor to a mental health facility during 2020.
Eden has provided rehabilitation and medical care to Sunshine Coast residents for over 15 years.
The population of the Sunshine Coast is expected to grow at above the Australian national average over the next 10 years, with Eden well positioned as the only sub-acute stand-alone private rehabilitation hospital between Brisbane and Cairns.
