PROPERTY PORTFOLIO

RSL Care RDNS Darlington Aged Care Facility

126 Leisure Drive, Banora Point, NSW

Darlington residential aged care facility is located in the suburb of Banora Point, Tweed Heads. The facility accommodates 90 licenced places across 6 wings, with a total floor area of 6,289 square metres. The facility is co-located with an RSL Care RNDS operated retirement village which comprises a total of 96 independent living units. Retail amenity is provided in the town of Tweed Heads, which is located approximately 6 kms to the north. There is a parcel of unimproved land adjacent to the aged care facility that is owned by RSL Care RDNS and may in future be developed with a complementary use such as expansion of the aged care facility.

Key facts
Description Residential aged care facility
Ownership 100%
Built 2005 to 2007
Book value $14.3 million
Capitalisation rate 7.25%
Major tenant(s) RSL Care RDNS
Number of tenants 1
WALE 19.7 years
Site area 9,500 sqm
Total floor area 6,289 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 Adjoining land held by RSL Care RDNS

Contact details

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