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Rockingham residential aged care

Perth, Western Australia

Property Summary
As at 30 Jun, 2020

Asset class:

Aged care

Market value:

A$6,600,000

Market capitalisation rate:

7.12%

WALE:

15.7 years

Occupancy:

100%

Major tenant:

Hall & Prior

Location:

14 Langley St, Rockingham

Wale:

15.7 years

Rockingham residential Aged Care is located in the suburb of Rockingham, approximately 40kms south-west of the Perth CBD. It is a high-care, single level 40-bed facility. In addition to the facility itself, Vital has purchased four adjoining residential properties since March 2016 providing for expansion opportunity.

Rockingham is operated by Hall & prior, a private Australian Commonwealth Government approved residential aged care provider. With more than 1,450 aged care beds it is one of the largest private aged care operators in Australia. Hall & Prior currently manages 22 facilities, with primary concentrations in metropolitan Perth and metropolitan Sydney.

Contact

Georgie Huxley
Asset Manager