Endoscopy Auckland (Property)

Endoscopy Auckland (Property)

24 Kipling Avenue, Epsom (settlement subject to OIO approval)

A modern private surgical hospital, operated by a joint venture between two of the preeminent private hospital operators in New Zealand; Evolution Healthcare and Healthcare Holdings (owner of Mercy Ascot). Established in 2001, Endoscopy Auckland comprises one operating theatre, 2 endoscopy/laparoscopy rooms and 10 in-patient beds.

Development is currently underway to convert the existing building to mixture of endoscopy and day surgery and to construct a new standalone endoscopy building. The development will provide 4 additional endoscopy procedure rooms and upgrade the existing building to include two operating theatres with scope for a third.

 

Property Summary

As at 31 December 2021 Endoscopy Auckland (Property)
24 Kipling Avenue, Epsom (settlement subject to OIO approval)
  • $23.0m Market Value
  • 19.9yrs WALE
Asset class Hospital (Specialty)
Occupancy 100%
Major tenant Evolution Healthcare & Healthcare Holdings (owner of Mercy Ascot)
Market capitalisation rate 4.5%