Grafton aged care
Aged care
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Property Summary
As at 30 Jun, 2020
Asset class:
Aged care
Market Value:
A$10,650,000
Market capitalisation rate:
7.25%
WALE:
16.8 years
Occupancy:
100%
Major tenant:
Hall & Prior
Location:
12 Bent St, South Grafton
Wale:
16.8 years
Grafton Aged Care is a residential aged care facility located in South Grafton, NSW, approximately 70km north of Coffs Harbour on the Clarence River. The facility comprises 43 rooms with a mix of single, double and triple rooms, providing a total of 83 beds.
Two adjacent residential properties have also been acquired for potential future expansion of Grafton. With a relatively high and growing proportion of elderly in its catchment, both Hall & Prior and Vital envisage future expansion to meet the rising demand for aged care services.
