Spire Hospital Portfolio
UK
Dba338
Tenure: Freehold
Tenancy: Single Let
Investment summary
• Three freehold modern, purpose-built, profitable, private hospitals located in Blackpool, Hull and Farnham.
• The properties provide a range of clinical services to private patients and to the National Health Service (NHS).
• Each property is let to Classic Hospitals Limited and guaranteed by Spire Healthcare Group UK Limited.
• The total passing rent of the portfolio is £7,116,174.
• Let on 35 year FRI leases from August 2005, expiring in August 2040 with unexpired leases of approximately 26 years at each hospital.
• The leases are subject to annual RPI linked uplifts with a collar of 3% p.a. and a cap of 5% p.a.
Locations:
Spire Clare Park Crondall Lane, Farnham, Surrey, GU10 5XX
3 operating theatres
Passing Rent: £1,551,426 (2013)
Spire Hull & East Riding, Lowfield Road, Hull, HU10 7AZ
4 operating theatres
Passing Rent: £4,063,150 (2013)
Spire Fylde Coast Hospital, Blackpool, FY3 8BP
3 operating theatres
Passing Rent: £1,501,559 (2013)