Ormiston Hospital

Ormiston Hospital

125 Ormiston Road

Ormiston Hospital is situated in Flat Bush, 25km south of the Auckland CBD and was purpose built in 2008. Ormiston is approximately 5km east of Auckland’s largest public hospital – Middlemore, and serves a significant catchment in one of Auckland’s strongest population growth corridors, with a resident population of approximately 540,000 people. Ormiston is the only private surgical hospital in the Counties Manukau District Health Board catchment.

Ormiston is anchored by Ormiston Surgical and Endoscopy Limited – a business whose cornerstone shareholder is Southern Cross Hospitals Limited, New Zealand’s largest private hospital operator. Other tenants include TRG Imaging, medical consulting rooms, pharmacy and cafe. The facility comprises 5,000sqm of floor area across three levels over basement car parking, and currently has over 70 leading medical specialists and surgeons utilising the facility across a range of specialties.

Vital has commenced a 4,500 square metre expansion of the existing building to provide a new Endoscopy suite with three procedure rooms, 15 additional beds, 900 square metres of consulting space and future expansion space for the hospital operator.  Total cost is forecast to be $38.1m with completion late 2023.

Property Summary

As at 31 December 2021 Ormiston Hospital
125 Ormiston Road
  • $48.8m Market Value
  • 2.4yrs WALE
Asset class Hospital (Acute)
Occupancy 100.0%
Major tenant Ormiston Surgical & Endoscopy Ltd
Market capitalisation rate 5.0%