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South Eastern Private Hospital

Melbourne, Victoria

Property Summary
As at 30 Jun, 2018

Asset class:

Rehabilitation hospital

Market value:

A$55,000,000

Market capitalisation rate:

5.50%

WALE:

22.7 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

Georgie Huxley
Asset Manager

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

GHuxley@nwhpm.com.au