The Roy Fagan Hospital, 54 Kalang Ave,
Lenah Valley, TAS 7008
Key property information
Tenanted Investment Details
Map of The Roy Fagan Hospital, 54 Kalang Ave
Bus stops within 5 km of The Roy Fagan Hospital, 54 Kalang Ave, Lenah Valley, TAS 7008 Distance No.54 Kalang Ave 102 m 15 Stratton Ave 140 m No.33 Kalang Ave 160 m 45 Stratton Ave 287 m 1 Stratton Ave 302 mPOWERED 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)
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