Grafton Aged Care (Listing Only)_Property for Sale

12 Bent Street, South Grafton, NSW, 2460, AU

Grafton Aged Care (Listing Only)

Asset description

JLL are pleased to present for sale Grafton Aged Care Home at 12 Bent Street, South Grafton NSW. Grafton Aged Care Home is a purpose built, single level residential aged care facility positioned within the Northern Rivers suburb of Grafton South. The facility provides 83-beds across a total Gross Floor Area of 3,500m², with fully furnished rooms, 24-hour care by registered nurses and a full kitchen catering service which accommodates for allergies, intolerances, and culturally specific needs.

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Attributes

Building area Gross

3,500 sm

Occupancy

100.00%

Year built

Land area Gross

1.24 ha (12,400 sm)

Media

Investment highlights

Investment Highlights:

· Fully leased, 83-bed operational aged care home.

· Strong tenant covenant underpinned by a national brand - Hall & Prior.

· Long 13.8-year WALE offering significant income security - ‘set and forget’ investment.

· Land rich site with panoramic views of the Clarence River.

· Significant development upside (STCA) with 3,450m² of surplus land.

The asset is for sale via Expressions of Interest closing at 2pm (AEST) / 12pm (AWST) 18 May 2023.

Grafton 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