Filter our portfolio

Marian Centre

Perth, Western Australia

Property Summary
As at 30 Jun, 2016

Asset class:

Mental health hospital

Market value:

A$31,624,000

Market capitalisation rate:

7.8%

WALE:

18.1 years

Occupancy:

100%

Major tenant:

Healthe Care

Location:

200 Cambridge St, Wembley 

The Marian Centre was acquired by Vital in August 2014.  It is a 31-bed stand-alone private psychiatric hospital in the established medical precinct of Subiaco, Perth, Western Australia. The Marian Centre provides both inpatient and outpatient services along with a range of therapy programs.

The facility is located 6km north-west from the Perth central business district and forms part of the larger Subiaco medical precinct. The precinct includes a mixture of for-profit and not-for-profit operators offering a diverse range of medical services including pathology, neurology, oral & dental, orthopaedics, sports medicine, fertility and oncology.

In November 2014 Vital began a A$12.9 million redevelopment to meet growing demand for services in the area. The redevelopment saw bed numbers increase from 31 to 66, existing ward accommodation was refurbished, a new lift and lobby were added, the existing dining area was extended and additional consulting suites were provided. The work was completed in March 2016.

Contact

Mark Norman
National Development Manager

+61 3 8609 8412
+61 412 681 553

mnorman@vhpt.com.au

Rachel Knez
Property Manager

+61 3 8609 8413
+61 457 041 431

rknez@vhpt.com.au