Sportsmed SA
Property Summary
As at 30 Jun, 2020
Asset class:
Acute hospital
Market value:
A$68,500,000
Market capitalisation rate:
5.50%
WALE:
15.3 years
Occupancy:
100%
Major tenant:
Sportsmed SA
Location:
32 Payneham Road, Stepney
Wale:
15.3 years
Sportsmed SA incorporates a state of the art dedicated orthopaedic facility, including a clinic and adjacent consulting facility, and is the largest of its type in Australia. It is located in the suburb of Stepney approximately four kilometres north-east of Adelaide’s CBD, in South Australia.
With 13 dedicated orthopaedic surgeons, Sportsmed SA employs over 300 staff treating approximately 130,000 patients each year. The Hospital has five operating theatres, 45 individual private rooms and a four-bed High Dependency Unit. Associated with the Hospital is a two-level building known as the Sportsmed SA clinic building comprising 29 consulting rooms, treatment rooms and a small procedure room. Adjacent to the clinic is a purpose-built consulting facility that is also fully leased to Sportsmed Hospital SA Pty Ltd and subleased to support services for the hospital including radiology provider, pharmacy and a cafe.
