Private Hospital, Auckland - FOR LEASE

Description

PROPERTY NAMES AND ADDRESS ARE PURPOSELY NOT LISTED. Please contact Trevor Beer if you are further interested. 1. Hospital consists of 42 licensed hospital beds and one respite bed. 2. Plans are on track to increase this by a further 4 licensed beds (all hospital). 3. Mainly single rooms - some double and two quad rooms. 4. The building is block/stucco and weatherboard, part two storied, room for expansion. 5. The hospital is certified and complies with sprinkler systems, smoke detectors, alarm bells and call systems. 6. The laundry consists of commercial washing machines and dryers. 7. The staff consist of full and part time people, physiotherapist, Diversional therapist and R.N's for 24-hour continuing care. 8. Lease details, 12 years from 1st May 2004 and a further 4 terms of 6 years, expiring 1st May 2040. 9. Annual rent $280,000 + GST and reviewed every 3 years. (CPI max 2.5% PA) 10. Occupancy 100%. 11. Current return $493,624 = 20.76% (return on income.)