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Palm Beach Currumbin Clinic

Currumbin, Queensland

Property Summary
As at 30 Jun, 2016

Asset class:

Mental health hospital

Market value:

A$30,600,000

Market capitalisation rate:

7.3%

WALE:

15.6 years

Occupancy:

100%

Major tenant:

Healthe Care

Location:

37 Bilinga Street, Currumbin

Palm Beach Currumbin Clinic (Palm Beach) 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 currently a 104-bed hospital after the completion in December 2012 of an A$9.4 million redevelopment programme, which included a two-storey ward extension, 34 new beds and additional consulting suites and carparks.

A new A$6.3m development project has recently commenced and will result in the relocation of consulting to new suites and the conversion of all double rooms to single rooms.  The work is forecast to be completed by October 2017.

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