Rockingham Aged Care14 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 SummaryAs at 31 December 2020 Rockingham Aged Care 14 Langley Street, Rockingham
$7.2m Market Value
|Asset class||Aged Care|
|Major tenant||Hall & Prior|
|Market capitalisation rate||7.0%|