Centuria, Quanta trade another healthcare asset
Quanta is buying another medical centre investment from Centuria, this time in New South Wales at the Victorian border.
The Albury Day Centre is costing $6.4 million – a 7.3 per cent net passing yield.
The property will be retained by in a single asset fund – the Albury Medical Trust – now calling on investors for $4m.
Centuria held it in the Healthcare Direct Medical Fund No 2, formerly known as the Centuria Healthley Direct Medical Fund No 2.
Albury Day Centre
On 5314 square metres at 4 Baker Court, West Albury, the Albury Day Centre is leased to Eyecare Surgery Albury Wodonga for six and a half years into a seven year agreement.
The 1200 square metre improvement contains three operating theatre, a Central Sterile Supply Department (CSSD), 13-stage-1 recovery beds and 14 stage 2-recovery chairs.
About $530,000 has been spent on capital improvements since it was built including $450,000 in 2022 for an air conditioning system.
The building covers a low 24pc of the site, with 59 car parks, opposite the Albury Wodonga Private Hospital (continues below)
Asset managers trade Albury medical centre
For 12 years prior to 2013, the Baker Ct site was held by the Australian Pelvic Floor Society.
Centuria paid $5.425m for the then repurposed investment in 2018.
Rent reviews are annual, between 2.5-5.5pc.
The tenant also picks up all outgoings excluding management fees.
The deal comes three months since we reported Quanta bought a medical centre investment in Brisbane’s Chermside from Centuria, for $14.5m – an 8.3pc yield.
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