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The Southport Private Hospital (formerly Allamanda Private)

Southport, Queensland

Property Summary
As at 30 Jun, 2020

Asset class:

Acute hospital

Market value:

A$45,900,000

Market capitalisation rate:

5.25%

WALE:

24.7 years

Occupancy:

100%

Major tenant:

Ramsay Health Care

Location:

150 Queen Street, Southport

Wale:

24.7 years

The Southport Private Hospital (formerly Allamanda Private) is located in the medical precinct at Southport on the Gold Coast. The facility provides comprehensive mental health and rehabilitation services to the Gold Coast and wider community.

The facility includes a 44 bed rehabilitation unit offering inpatient and outpatient day programs. Operated by Ramsay Health Care, the site most recently completed a major refurbishment (~A$8m) in March 2020, providing an additional 22 single bed rooms and associated facilities. The 22 bed inpatient mental health clinic offers acute inpatient mental health programs for a range of mood and anxiety disorders.

Contact

Georgie Huxley
Asset Manager