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54 Kalang Avenue, Lenah Valley TAS 7008

Properties / Buy / Tasmania / Lenah Valley

Development Potential

1. Property Summary

Property Type

Child/Healthcare

Sub Type

Aged Care

Land Area

9,066 m² (*approx)

Selling Method

Private Sale: Offers due by 29th September 2023 unless sold prior

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2. Property Highlights

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

Offers due by 29th September 2023 unless sold prior.

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.

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