Royston Hospital
Property Summary
As at 30 Jun, 2019
Asset class:
Acute hospital
WALE:
28.5 years
Occupancy:
100%
Major tenant:
Acurity Health Group
Market capitalisation rate:
5.75%
Market Value:
NZ$57,536,000
Location:
500 Southland Road, Hastings 4122
Wale:
28.5 years
Royston Hospital is a single-level hospital facility and two-level consulting centre, located in the city of Hastings. Royston is the only private hospital within the regional hub of the Hawkes Bay and one of two hospitals in the region serving 160,000 residents. Originally constructed in 1931, the facility had undergone major upgrades as recently as 2005 and contains five operating theatres and one endoscopy procedure room.
Vital has committed to a development which will result in an expansion into adjacent properties and the construction of two new operating theatres, reconfiguration of patient admission and recovery areas, and expansion of medical imaging
Contact
Drugh Woods
New Zealand Asset Manager
