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JLL and Cushman & Wakefield are pleased to present for sale Kogarah Private Hospital. The offering presents an extremely rare opportunity to acquire a modern purpose-built private hospital in Metropolitan Sydney, fully leased to Nexus Day Hospitals, boasting unrivalled income security and tenure with a 6 year WALE plus a further 10 year option.
- Purpose built medical strata-titled property in Kogarah within only 12km* south of Sydney
- Exceptionally positioned in an established hospital precinct less than 60m* to the 547-bed St George Hospital, 300m* to the 280-bed St George Private Hospital
- Excellent tenant profile - fully leased to national operator Nexus Day Hospitals with 16 facilities across Australia
- Total Net Lettable Area of 1,117 sqm*
- Passing Net Income of $1.0m pa* (as at 1 May 2022)
- Defensive Income stream with a 6 year WALE (by Income)
- Fully equipped with 3 operating theatres, providing a range of specialised surgical services such as orthopaedic surgery, ophthalmology, oral and maxillofacial, dental surgery
- Significant tenant investment with high barriers to entry
The asset is For Sale via Expressions of Interest closing Thursday 2 June 2022 at 2pm (AEDT/AEST).
Kogarah Private Hospital is available individually or as part of the National Healthcare Portfolio. The Portfolio includes 9 securely leased medical assets across four states, with a combined net income of $7.32 million, and anchored by a range of blue chip national medical tenants such as Aurora, Nexus Day Hospitals, ForHealth, St Vincents and IPN Medical Centres.
The Portfolio includes:
- Kogarah Private Hospital, 1 Derby Street, Kogarah NSW
- Chermside Medical Complex, Lots 2-6 & 9-10, 956 Gympie Road, Chermside QLD
- IPN Logan Central, 295 Kingston Road, Logan Central QLD
- IPN Forest Lake, 7 High Street, Forest Lake QLD
- Mackay Private Hospital, 57 Norris Road, Mount Pleasant QLD
- Gympie Private Hospital, 74-86 Channon Street, Gympie QLD
- Modern Medical Spotswood, 196 Hall Street, Spotswood VIC
- St Vincent's Specialist Centre, 574 Melton Highway, Sydenham VIC
- Rockingham Medical Centre, 18 Civic Boulevard, Rockingham WA