The Roy Fagan Hospital, 54 Kalang Ave,
Lenah Valley, TAS 7008
Medical & Consulting
Price information
Sale
Contact Agent
Key property information
Land area
Floor area
Parking info
Property extent
Zoning
Municipality
Tenure type
Return
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
Private inspections
to arrange a private inspection.
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 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.
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.
Explore property virtually
Video
If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 504375456Last Updated: 7 Apr 2024
13001338...
The Roy Fagan Hospital, 54 Kalang Ave
Lenah Valley, TAS 7008
Health Property & Precincts44 Teak Street
CAULFIELD SOUTH, VIC 3162
CAULFIELD SOUTH, VIC 3162
Contact Agency
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Unit 3, 111 Hill Street,West Hobart, TAS 7000 126 m²Shops & Retail • Medical & Consulting
Offers Over $1.6 Million
37 Pitcairn , 37 Pitcairn St,Glenorchy, TAS 7010 1567 m²Development Sites & Land • Warehouse, Factory & Industrial • Medical & Consulting