Rockingham Aged Care

Rockingham Aged Care

14 Langley Street, Rockingham

Rockingham Residential Aged Care is located in the suburb of Rockingham, approximately 40kms south-west of the Perth CBD. It is a high-care, single level 40-bed facility. In addition to the facility itself, Vital has purchased four adjoining residential properties since March 2016 providing for expansion opportunity.

Rockingham is operated by Hall & Prior, a private Australian Commonwealth Government approved residential aged care provider. With more than 1,450 aged care beds it is one of the largest private aged care operators in Australia.

Hall & Prior currently manages 22 facilities, with primary concentrations in metropolitan Perth and metropolitan Sydney. Hall & Prior has a strong focus on high quality care, including dementia care for many residents.

Property Summary

As at 30 June 2021 Rockingham Aged Care
14 Langley Street, Rockingham
  • $6.8m Market Value
  • 14.7yrs WALE
Asset class Aged Care
Occupancy 100.0%
Major tenant Hall & Prior
Market capitalisation rate 7.0%