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Roy Fagan Centre, 54 Kalang Avenue, Lenah Valley, TAS, 7008

Properties / Buy / Tasmania / Lenah Valley

Tenanted Investment

1. Property Summary

Selling Method

Private Sale

Selling Details

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Land Area

9,066 m² (*approx)

Floor Area

2612 m² (*approx)

Property Type

Child/Healthcare

Sub-type

Aged Care/Retirement

Terms

Secured by a long triple net lease to the Tasmanian Government, expiring in April 2029.

Est. Income

$1,220,250 p/a

Fully Leased

Roy Fagan Centre

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2. Property Highlights

RARE HIGH-YIELDING HOSPITAL INVESTMENT ON LONG TRIPLE NET LEASE TO THE TASMANIAN GOVERNMENT

Known as the Roy Fagan Centre, the property is a Psychiatric Hospital presently a psychogeriatric facility and believed to be the only facility of its kind in Tasmania.

The Hospital is secured by a long triple net lease to the Tasmanian Government, expiring in April 2029.

The single-level facility comprises 42 single bedrooms and ensuites, with kitchens, tables, and lounge areas in each wing.

In addition, there exists the Roy Fagan Day Centre, which is a purpose-built day respite facility caring for people over 65 years of age with psychiatric illness and/or cognitive impairment.
Plans to extend the hospital were prepared in 2018, focusing on causing minimal disruption and without the requirement to erect an additional storey. The Plans have not been submitted for approvals.

The Roy Fagan Centre is indeed a rare opportunity to purchase a high-yielding, purpose-designed healthcare facility secured by a long triple net lease to the Tasmanian Government within an affordable price range.

Remember to mention you found this property on CommercialReady

Property Type

Child/Healthcare

Sub-type

Aged Care/Retirement

Est. Income

$1,220,250 p/a

Tenant

Roy Fagan Centre

Terms

Secured by a long triple net lease to the Tasmanian Government, expiring in April 2029.

Land Area

9,066 m² (*approx)

Floor Area

2612 m² (*approx)

Selling Method

Private Sale

Selling Details

Contact Agent

2. Property Highlights

RARE HIGH-YIELDING HOSPITAL INVESTMENT ON LONG TRIPLE NET LEASE TO THE TASMANIAN GOVERNMENT

Known as the Roy Fagan Centre, the property is a Psychiatric Hospital presently a psychogeriatric facility and believed to be the only facility of its kind in Tasmania.

The Hospital is secured by a long triple net lease to the Tasmanian Government, expiring in April 2029.

The single-level facility comprises 42 single bedrooms and ensuites, with kitchens, tables, and lounge areas in each wing.

Remember to mention you found this property on CommercialReady

Roy Fagan Centre, 54 Kalang Avenue, Lenah Valley, TAS, 7008 Lenah Valley

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Health Property Precincts

44 Teak Street, Caulfield South VIC 3162

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Phillip Apelbaum

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

Roy Fagan Centre, 54 Kalang Avenue, Lenah Valley, TAS, 7008