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Epworth Eastern Hospital

Melbourne, Victoria

Property Summary
As at 30 Jun, 2019

Asset class:

Acute hospital

Market value:

A$166,500,000

Market capitalisation rate:

5.00%

WALE:

20.8 years

Occupancy:

100%

Major tenant:

Epworth Foundation

Location:

1 Arnold Street, Box Hill

Wale:

20.8 years

Epworth Eastern Hospital is located in Box Hill (about 14 kilometres from the CBD), a significant regional hub for the middle and outer eastern suburbs. Completed in 2005, the hospital accommodates a ground-floor reception, radiology and café, ten operating theatres and 223 surgical and medical beds. The basement car park can accommodate 284 vehicles. The property represents a significant investment for the Trust and establishes a relationship with one of Australia’s leading healthcare providers.

In December 2014 due to capacity constraints at the existing site the Trust acquired additional properties adjacent to Epworth Eastern for A$3.5m. This acquisition will support the master plan vision for extension at the site over the medium term. 

 

Contact

Georgie Huxley
Asset Manager