Grace Hospital
281 Cheyne Road, TaurangaGrace Hospital is a 51 bed (including 3 ICF beds), 9 operating theatre and 3 procedure room facility along with on site radiology and consulting services.
Purpose built in 2007 and acquired by Vital in December 2020, Grace Hospital provides a range of surgical services including orthopaedics, cardiology, cosmetic surgery, urology and others.
It is located on a ~4ha site providing significant future expansion opportunities.
Property Summary
As at 30 September 2025 Grace Hospital 281 Cheyne Road, Tauranga-
$125.8 Market Value
-
25.21 yrs WALE
| Asset class | Hospital (Acute) |
|---|---|
| Occupancy | 100.0% |
| Major tenant | Evolution Southern Cross (JV) |
| Market capitalisation rate | 5.5% |
