Toronto Private Hospital

Toronto, New South Wales

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Property Summary
As at 30 Jun, 2016

Asset class:

Rehabilitation hospital

Market value:

A$18,900,000

Market capitalisation rate:

7.8%

WALE:

26.5 years

Occupancy:

100%

Major tenant:

Healthe Care

Location:

Cnr Cary St & Excelsior Parade, Toronto

Toronto Private Hospital (Toronto) is an 85-bed private hospital located in Toronto (NSW) and is approximately 20 kilometres from Newcastle in NSW.

The hospital is located on the western side of Lake Macquarie, the hospital is a three-level facility specialising in general surgical, medical and rehabilitation services.

Over recent years Toronto has undergone redevelopment work resulting in:

The addition of new beds
A theatre plant upgrade
Consolidation of two rehabilitation wards into a single ward
Establishment of a new 26-bed mental health unit

Toronto has now begun a new A$9.4m development which will result in ten new mental health beds, ten new rehabilitation beds, a new gym and group therapy rooms, plus 36 additional car parks.