Hurstville Private Hospital37 Gloucester Road, Hurstville
Hurstville is a 167-bed private hospital located approximately 16 kilometres south-west of the Sydney CBD specialising in surgical services and obstetrics. The facility is operated by Healthe Care and also offers radiology, pathology, catheterisation lab, ICU, maternity, neonatal and paediatric services.
Vital acquired Hurstville in May 2012. Since acquisition, the facility has undergone major redevelopment work, providing additional acute clinical services including increased operating capacity and patient accommodation. The most significant upgrade of the existing facilities was completed in 2015 which almost doubled the hospital size and capacity. Vital also owns two nearby residential dwellings (one adjacent, one nearby) allowing for future expansion.
Property SummaryAs at 31 December 2020 Hurstville Private Hospital 37 Gloucester Road, Hurstville
$81.2m Market Value
|Asset class||Hospital (Acute)|
|Major tenant||Healthe Care|
|Market capitalisation rate||5.8%|