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South Eastern Private Hospital

Melbourne, Victoria

Property Summary
As at 30 Jun, 2016

Asset class:

Rehabilitation hospital

Market value:

A$38,997,000

Market capitalisation rate:

8.3%

WALE:

24.7 years

Occupancy:

100%

Major tenant:

Healthe Care

Location:

Cnr Princes Hwy & Heatherton Road, Noble Park

South Eastern Private Hospital is located around 26 kilometres south-west of Melbourne’s CBD. It is a two-storey hospital with several wings. The hospital provides general medicine and rehabilitation services.

A A$4.3 million redevelopment was completed in December 2012 which including a new rehabilitation centre, consulting rooms, hydrotherapy pool and gymnasium. More recently South Eastern underwent a further A$14.5 million redevelopment project that added 30 rehabilitation beds, 30 mental health beds and 79 car parks. The work was completed in September 2016.

 

Contact

Cameron Ramsay
National Acquisitions Manager

+61 3 8609 8415
+ 61 416 205 273

cramsay@vhpt.com.au

Mark Norman
National Development Manager

+61 3 8609 8412
+61 412 681 553

mnorman@vhpt.com.au