Toronto Private Hospital
Toronto, New South Wales
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Property Summary
As at 30 Jun, 2019
Asset class:
Rehabilitation hospital
Market value:
A$40,150,000
Market capitalisation rate:
6.75%
WALE:
23.5 years
Occupancy:
100%
Major tenant:
Healthe Care
Location:
Cnr Cary St & Excelsior Parade, Toronto
Wale:
23.5 years
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.