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The Roy Fagan Hospital, 54 Kalang Ave Lenah Valley, TAS 7008

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The Roy Fagan Hospital, 54 Kalang Ave,
Lenah Valley, TAS 7008

Medical & Consulting

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Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$1,220,245
Number of Tenants
1 Tenant
Tenants / Type
Crown in Right of the State of Tasmania

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Map of The Roy Fagan Hospital, 54 Kalang Ave

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  • Bus stops within 5 km of The Roy Fagan Hospital, 54 Kalang Ave, Lenah Valley, TAS 7008Distance
    No.54 Kalang Ave102 m
    15 Stratton Ave140 m
    No.33 Kalang Ave160 m
    45 Stratton Ave287 m
    1 Stratton Ave302 m
    POWERED BY HERE ©
POWERED BY HERE ©

RARE HIGH-YIELDING HOSPITAL INVESTMENT ON LONG TRIPLE NET LEASE TO THE TASMANIAN GOVERNMENT

  • Leased to the Tasmanian Government
  • Long, Triple Net Lease
  • Future Expansion Potential (STCA)
Known as the Roy Fagan Centre, the property is a Psychiatric Hospital presently a psychogeriatric facility and believed to be the only facility of its kind in Tasmania.

The Hospital is secured by a long triple net lease to the Tasmanian Government, expiring in April 2029.

The single-level facility comprises 42 single bedrooms and ensuites, with kitchens, tables, and lounge areas in each wing.

In addition, the property includes the Roy Fagan Day Centre, which is a purpose-built day respite facility caring for people over 65 years of age with psychiatric illness and/or cognitive impairment.

Plans to increase the bed capacity of the hospital by approximately 40% were prepared in 2018, focusing on causing minimal disruption and without the requirement to erect an additional storey. The Plans have not been submitted for approvals.

The Roy Fagan Centre is indeed a rare opportunity to purchase a high-yielding, purpose-designed healthcare facility secured by a long triple net lease to the Tasmanian Government within an affordable price range.

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Property ID: 504375456Last Updated: 21 Jan 2024

13001338...
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The Roy Fagan Hospital, 54 Kalang Ave
Lenah Valley, TAS 7008
Health Property & Precincts
44 Teak Street
CAULFIELD SOUTH, VIC 3162
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