PROPERTY PORTFOLIO

RSL Care RDNS Tantula Rise Aged Care Facility

96 Tantula Road West, Alexandra Headland, QLD

Alexandra Headland is a suburb of the Sunshine Coast, located approximately 100 kms to the north of Brisbane. The facility accommodates 120 licenced places across 4 wings, with a total floor area of 7,768 square metres. The facility was built in two stages, the first of which was built in 2005 and comprised a total of 60 places. The second stage was built in 2007 and added an additional 60 places. The facility is co-located with an RSL Care operated retirement village which comprises a total of 40 independent living units. The units were built in 2007. Retail amenity is provided in the Maroochydore township and at Sunshine Plaza, which is located approximately 3 kms to the north.

Key facts
Description Residential aged care facility
Ownership 100%
Built 2005 to 2007
Book value $19.1 million
Capitalisation rate 7.25%
Major tenant(s) RSL Care RDNS
Number of tenants 1
WALE 19.5 years
Site area 7,600 sqm
Total floor area 7,768 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

Contact details

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