The Southport Private Hospital

The Southport Private Hospital

21 Spendelove Avenue, Southport

The Southport Private Hospital (formerly Allamanda Private) is located in the medical precinct at Southport on the Gold Coast. The facility provides comprehensive mental health and rehabilitation services to the Gold Coast and wider community.

The facility includes a 44-bed rehabilitation unit offering inpatient and outpatient day programs. Operated by Ramsay Health Care, the site most recently completed a major refurbishment (~A$8m) in March 2020, providing an additional 22 single bed rooms and associated facilities. The 22-bed inpatient mental health clinic offers acute inpatient mental health programs for a range of mood and anxiety disorders.

Property Summary

As at 31 December 2020 The Southport Private Hospital
21 Spendelove Avenue, Southport
  • $51.3m Market Value
  • 24.2yrs WALE
Asset class Hospital (Acute/Specialty)
Occupancy 100%
Major tenant Ramsay
Market capitalisation rate 5.0%