JLL are pleased to present for sale Rockingham Aged Care Home at 14 Langley Street, Rockingham WA. Rockingham Aged Care Home is a purpose built, single level residential aged care facility positioned in the suburb of Rockingham, some 48 kilometres south west of the Perth CBD. The facility provides 40 beds across a total Gross Floor Area of 1,356m², with fully furnished rooms, 24-hour care by registered nurses and a full kitchen catering service which consults with dieticians to provide variety and maximum nutritional value.
· Fully leased, 40-bed operational aged care home.
· Strong tenant covenant underpinned by a national brand - Hall & Prior.
· Long 12.7-year WALE offering significant income security - ‘set and forget’ investment.
· Development upside with 3,033m² of surplus land (STCA).
· Established facility with long term tenure.
The asset is For Sale via Expressions of Interest closing at 2pm (AEST) / 12pm (AWST) 18 May 2023.
Rockingham Aged Care Home is available individually or as part of the ‘Long WALE Aged Care Portfolio’. The Portfolio includes 5 securely leased aged care facilities across NSW and WA, with a combined net income of $4.921 million*, a combined portfolio WALE of 12.9 years* and fully leased to national operator Hall & Prior.
The Portfolio includes:
· Grafton Aged Care Home - 12 Bent Street, South Grafton NSW
· Clover Lea Aged Care Home - 14 Claremont Road, Burwood Heights NSW
· Fairfield Aged Care Home - 125 The Crescent, Fairfield NSW
· Rockingham Aged Care Home - 14 Langley Street, Rockingham WA
· Hamersley Aged Care Home - 441 Rokeby Road, Subiaco WA
*Approximately as at 30 June 2023