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South Eastern Private Hospital

Melbourne, Victoria

Property Summary
As at 30 Jun, 2020

Asset class:

Rehabilitation hospital

Market value:

A$66,417,612

Market capitalisation rate:

5.13%

WALE:

20.7 years

Occupancy:

100%

Major tenant:

Healthe Care

Location:

Cnr Princes Hwy & Heatherton Road, Noble Park

Wale:

20.7 years

South Eastern Private Hospital is located in Noble Park, Victoria approximately 35km South East of the Melbourne CBD. It has 155 beds and offers mental health, rehabilitation, and general medical services.

Vital has commenced a $10m development to increase the day oncology capacity through the construction of a new wing with 18 Day Oncology chairs at Level 1, as well as the construction of 10 new single rooms at ground level and the conversion of 7 existing shared rooms to single rooms. New consulting spaces for consulting doctors will also be added to the facility.

A general upgrade of the main entrance and public areas will also be undertaken.

A builder has been appointed and construction has commenced. Expected completion is early calendar 2021.

Contact

Georgie Huxley
Asset Manager