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Palm Beach Currumbin Clinic

Currumbin, Queensland

Property Summary
As at 30 Jun, 2018

Asset class:

Mental health hospital

Market value:

A$51,000,000

Market capitalisation rate:

5.50%

WALE:

13.6 years

Occupancy:

100%

Major tenant:

Healthe Care

Location:

37 Bilinga Street, Currumbin

Palm Beach Currumbin Clinic is located six kilometres from Burleigh Heads, on Queensland’s Gold Coast and has a catchment area that extends into New South Wales.

Palm Beach is a 104 bed private hospital providing psychiatric services, including rehabilitation. In 2012, Healthe Care and Vital completed a redevelopment at the facility adding 34 beds at a cost of A$9.4m.

The latest development was completed in February 2018 at a cost of A$6.3m. The project facilitated:
- the seperation of outpatient services
- conversion of 24 bed ward of double rooms into 24 single private rooms
- construction of 10 new consulting suites

 

Contact

Georgie Huxley
Asset Manager

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

GHuxley@nwhpm.com.au