Ormiston Hospital125 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 café.
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.
Property SummaryAs at 31 December 2020 Ormiston Hospital 125 Ormiston Road
$43.4m Market Value
|Asset class||Hospital (Acute)|
|Major tenant||Ormiston Surgical and Endoscopy Limited|
|Market capitalisation rate||5.6%|