South Eastern Private Hospital329 Princes Hwy, Noble Park
South Eastern Private Hospital is located in Noble Park, Victoria approximately 35km south-east of the Melbourne CBD. It has 158 beds and offers mental health, rehabilitation, and general medical services.
Vital recently completed a $10m development to increase the day oncology capacity through the construction of a new wing with 18 Day Oncology chairs at Level 1, as well as the construction of 10 new single rooms at ground level and the conversion of seven existing shared rooms to single rooms. New consulting spaces for consulting doctors has also be added to the facility.
A general upgrade of the main entrance and public areas will also be undertaken.
A builder has been appointed and construction has commenced. Expected completion is early calendar 2021.
Development SummaryAs at 31 March 2021 South Eastern Private Hospital 329 Princes Hwy, Noble Park
$9.9m AUD Development Cost
Completed early 2021 Forecast Completion Date
|Spend to Date||$8.2m AUD|
|Cost to Complete||$1.7m AUD *minor façade works remaining|
|Forecast Income Return||6.0% (gross yield)|