Grafton Aged Care12 Bent Street, South Grafton
Grafton Aged Care is a residential aged care facility located in South Grafton, NSW, approximately 70km north of Coffs Harbour on the Clarence River. The facility comprises 43 rooms with a mix of single, double and triple rooms, providing a total of 83 beds.
Two adjacent residential properties have also been acquired for potential future expansion of Grafton. With a relatively high and growing proportion of elderly in its catchment, both Hall & Prior and Vital envisage future expansion to meet the rising demand for aged care services.
Property SummaryAs at 31 December 2020 Grafton Aged Care 12 Bent Street, South Grafton
$11.8m Market Value
|Asset class||Aged Care|
|Major tenant||Hall & Prior|
|Market capitalisation rate||7.0%|