Epworth Eastern Hospital
Property Summary
As at 30 Jun, 2016
Asset class:
Acute hospital
Market value:
A$99,191,000
Market capitalisation rate:
6.8%
WALE:
17.5 years
Occupancy:
100%
Major tenant:
Epworth Foundation
Location:
1 Arnold Street, Box Hill
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.
Click here to view Epworth's short film 'A new day' which showcases their excellent patient-centred care.
Contact
Georgie Huxley
Asset Manager