PROPERTY PORTFOLIO

Frankston Specialist Centre

Frankston, Victoria

GHC has a 50% interest in the 2,021 sqm site located adjacent to Frankston Private. The site was acquired in July 2014 (settled in November 2014) subject to a 10 year lease to Healthscope Ltd with the premises to be used for specialist medical consulting. The site provides further medium to longer term expansion potential.

Key facts
Description Medical office building
Ownership 50%
Ownership type Freehold
Built 1989
Book value $1.6 million
Capitalisation rate 5.75%
Major tenant(s) Healthscope Ltd
Number of tenants 1
WALE 7.9 years
Site area 2,021 sqm
NLA 600 sqm
Occupancy 100%
Car parks 20
Rental reviews Lower of 2 x CPI or 3%

Contact details

Asset Manager
Jonathan Greenwood
T +61 3 8656 1054
M +61 422 815 683
Email Jonathan Greenwood