Fairfield Aged Care (Listing Only)_Property for Sale

125 The Crescent, Fairfield, NSW, 2165, AU

Fairfield Aged Care (Listing Only)

Asset Description

JLL are pleased to present for sale Fairfield Aged Care Home at 125 The Crescent, Fairfield NSW. Fairfield Aged Care Home is a purpose built, two level residential aged care facility positioned in the south west Sydney suburb of Fairfield, some 30 kilometres west of the Sydney CBD. The facility provides 93-beds across a total Gross Floor Area of 2,880m², with fully furnished rooms, 24-hour care by registered nurses and full kitchen catering service which accommodates for allergies, intolerances and culturally specific needs.

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Attributes

Building area Gross

2,880 m²

Occupancy

100.00%

Year built

Media

Investment Highlights

Investment Highlights:

· Fully leased, 93-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.

· Metropolitan Sydney location with long term development upside through B4 zoning.

· Established facility with long term tenure.

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

Fairfield Aged Care 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