Mayo Private Hospital

Taree, New South Wales

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Property Summary
As at 30 Jun, 2016

Asset class:

Acute hospital

Market value:

A$28,000,000

Market capitalisation rate:

8.0%

WALE:

15.5 years

Occupancy:

100%

Major tenant:

Healthe Care

Location:

49 Potoroo Drive, Taree

Mayo Private Hospital (Mayo) is located approximately 170 kilometres north of Newcastle and operated by Healthe Care. Mayo specialises in surgical, acute medical, post natal and rehabilitation services.

Mayo has associated specialist consulting rooms and a rehabilitation centre. Operations comprise primarily medical/surgical, mental health, sleep studies and renal dialysis. The healthcare centre comprises a hydrotherapy pool, together with consulting rooms for orthopaedic surgeons, remedial massage and physiotherapy.

An A$6.1 million redevelopment was completed in February 2013 adding a new 24 bed ward (taking the total to 85) and one theatre (taking the total to three), standalone medical centre and additional car parking. The development now provides staff and patients with improved functionality and a more modern hospital infrastructure and layout.