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Hurstville Private Hospital

Sydney, New South Wales

Property Summary
As at 30 Jun, 2020

Asset class:

Acute hospital

Market value:

A$74,200,000

Market capitalisation rate:

6.25%

WALE:

21.8 years

Occupancy:

100%

Major tenant:

Healthe Care

Location:

37 Gloucester Road, Hurstville

Wale:

21.8 years

Hurstville is a 167-bed private hospital located approximately 16 kilometres south-west of the Sydney CBD specialising in surgical services and obstetrics. The facility is operated by Healthe Care and also offers radiology, pathology, catheterisation lab, ICU, maternity, neonatal and paediatric services.

Vital acquired Hurstville in May 2012. Since then it has undergone major redevelopment work, providing additional acute clinical services including increased operating capacity and patient accommodation. The mostsignificant upgrade (~A$33m) of the existing facilitiescompleted in 2015 which almost doubled the hospital size and capacity. Vital also owns two nearby residential dwellings (one adjacent, one nearby) allowing for future expansion.

Click here to view a short video about Hurstville.

Contact

Georgie Huxley
Asset Manager