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Kensington Hospital

Kensington, Whangarei

Property Summary
As at 30 Jun, 2016

Asset class:

Acute hospital

Market value:

NZ$15,300,000

Market capitalisation rate:

7.5%

WALE:

30 years

Occupancy:

100%

Major tenant:

Kensington Hospital Ltd

Location:

12 Kensington Avenue, Kensington

Kensington Hospital is a two-level building comprising three theatres and 19 beds, along with an adjoining primary care, general practice facility.

Kensington Hospital is utilised for both inpatient and day-stay surgery. The site is centrally located in the Whangarei suburb of Kensington, approximately 2.5 kilometres from the Whangarei CBD. 

An extension to the property was completed in 2008, which provided an additional operating theatre for endoscopic and elective surgery procedures.

In July 2016 the Trust announced that it had secured a new 30 year lease with Kensington Hospital Ltd at the site.

Contact

Drugh Woods
New Zealand Asset Manager

+64 9 973 7304
+64 21 2404 570

dwoods@vhpt.co.nz