The Southport Private Hospital
21 Spendelove Avenue, SouthportThe 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 30 June 2021 The Southport Private Hospital 21 Spendelove Avenue, Southport-
$47.9m Market Value
-
23.7yrs WALE
| Asset class | Hospital (Acute/Specialty) |
|---|---|
| Occupancy | 100.0% |
| Major tenant | Ramsay |
| Market capitalisation rate | 5.0% |
| Sustainability Features | Recent efficient upgrade to air conditioning |
