Filter our portfolio

Marian Centre

Perth, Western Australia

Property Summary
As at 30 Jun, 2018

Asset class:

Mental health hospital

Market value:

A$44,900,000

Market capitalisation rate:

5.50%

WALE:

16.1 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

Georgie Huxley
Asset Manager

+61 (3) 8594 1516
+61 422 098 595

GHuxley@nwhpm.com.au