PROPERTY PORTFOLIO

Westmead Rehabilitation Hospital

7 Coleman St, Merrylands NSW

This property is a 65 bed purpose built rehabilitation hospital located in Merrylands, Sydney, three kilometres south of Parramatta and 26 kilometres west of the Sydney CBD. It is in close proximity to the Westmead public and private hospitals. Fully equipped with a hydrotherapy pool, gymnasium and treatment rooms, the facility provides speech, occupational and physiotherapy along with psychological rehabilitation services. The Fund also owns a 480 sqm site adjacent to the hospital that is intended to be used to expand the hospital as demand requires.

Key facts
Description Rehabilitation hospital
Ownership 100%
Ownership type Freehold
Built 2005
Book value $27.0 million
Capitalisation rate 7.00%
Major tenant(s) Pulse Health Limited
Number of tenants 1
WALE 21.4 years
Site area 5,305 sqm
NLA 2,702 sqm
Occupancy 100%
Car parks 40
Rental reviews Higher of CPI and 2.5%
Proposed development stages

Contact details

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