Epworth Eastern Medical Centre
Property Summary
As at 30 Jun, 2020
Asset class:
Medical office building
Market value:
A$39,100,000
Market capitalisation rate:
5.25%
WALE:
9.9 years
Occupancy:
74.8%
Major tenant:
Epworth Foundation
Location:
1 Arnold Street, Box Hill
Wale:
9.9 years
Located in Box Hill, 14km east of the Melbourne CBD, Epworth Eastern Medical Centre adjoins Epworth Eastern Private Hospital and provides a combination of consulting suites and radiotherapy bunkers.
Completed in 1985, the facility comprises three levels and a basement, as well as 10 outdoor, at-grade parking spaces. The medical centre is currently undergoing partial redevelopment in conjunction with the Epworth Eastern Hospital expansion and development of a 14 storey tower onsite creating additional theatres, clinical wards and consulting suites.
Click here to view Epworth's short film 'A new day' which showcases their excellent patient-centred care.
