PROPERTY PORTFOLIO

RSL Care RDNS Baycrest Aged Care Facility

99 Doolong Road, Pialba, QLD

Baycrest is a residential aged care facility located in the suburb of Pialba, Hervey Bay. The facility accommodates 101 licenced places across 6 interconnected wings, with a total floor area of 6,676 square metres. All rooms are single and have a private ensuite. The facility is co-located with an RSL Care RDNS operated retirement village, which comprises a total of 192 units. Retail amenity is provided in the township of Hervey Bay, located approximately 3 kms to the north.

Key facts
Description Residential aged care facility
Ownership 100%
Built Mid 1990's, 60 new beds built in 2006
Book value $15.3 million
Capitalisation rate 7.25%
Major tenant(s) RSL Care RDNS
Number of tenants 1
WALE 19.5 years
Site area 14,000 sqm
Total floor area 6,676 sqm
Occupancy 100%
Rental reviews Annual reviews to be the Lesser of 3% and CPI, market review every 10 years with 5% cap and collar
Development potential Refurbishment or redevelopment of the older 41 beds on the site are envisaged

Contact details

Asset Manager
James O’Keefe
T +61 3 8656 1054
M +61 408 171 101
Email jokeefe@generationreit.com.au