RAM Essential Services Property Fund
(ASX : REP)
The RAM Essential Services Property Fund invests in high quality
Australian medical and essential retail real estate assets, leased to essential services tenants.
The RAM Essential Services Property Fund invests in high quality
Australian medical and essential retail real estate assets, leased to essential services tenants.
A high-quality medical and essential retail based portfolio, underpinned by leading national supermarket and private hospital operators, designed to provide a secure and reliable income stream with opportunities for income and capital growth.
PROPERTIES
35
PORTFOLIO VALUATION
$786.5 million
OCCUPANCY
98%
WALE
6.47 YEARS
100% Freehold Equity Interest
A well-established medical centre comprised of two separate buildings located over two adjoining allotments with a combined land area of 2,208 square metres, constructed in 2017/18. Together, the properties form a complementary medical complex providing both a General Practitioner and Pathology.
Located in Perth’s key southern growth corridor, approximately 20kms from the CBD and adjacent to the main southern precinct of Cockburn Central.
WALE: 8.01 years
Occupancy (% GLA): 100%
Gross Lettable Area: 603sqm
Freehold Land: 2,208sqm
Key Tenants: Perth GP and Western Diagnostic (Pathology)
100% Freehold Equity Interest
Day hospital comprising of a standalone 23-hour day surgery with 3 purpose built operating theatres and 4 double patient rooms which can accommodate 8 patients for overnight stays. The facility commenced operations in 2015.
Located in Cambridge approximately 3.7km north-west of the Perth CBD, the property is situated directly opposite St John of God Hospital Subiaco.
WALE: 13.56 years
Occupancy (% GLA): 100%
Gross Lettable Area: 1,506sqm
Key Tenants: St John of God Health Care Inc
100% Freehold Equity Interest
Day hospital comprising of a standalone 23-hour day surgery with 2 purpose built operating theatres, a minor procedures room and 3 double patient rooms which can accommodate 6 patients for overnight stays. The facility has 19 licensed beds and commenced operations in c.2008.
Located in Cambridge approximately 3.7km north-west of the Perth CBD, the property is situated directly opposite St John of God Hospital Subiaco.
WALE: 8.92 years
Occupancy (% GLA): 100%
Gross Lettable Area: 874sqm
Key Tenants: Cambridge Day Surgery Pty Ltd (day hospital)
100% Freehold Equity Interest
The Banyans Health and Wellness Centre offers patients a bespoke program for the treatment of addiction and mental illness, including depression, eating disorders, anxiety, bi-polar and PTSD.
The on-site clinical team comprises a psychiatrist, two general practitioners, four psychologists and a variety of specialist counselors and health professionals.
WALE: 9.7 years
Occupancy (% GLA): 100%
Gross Lettable Area: 1,448sqm
Freehold Land: 51,520sqm
Key Tenants: Genesis Capital
100% Freehold Interest
North West Private Hospital is a purpose built specialist hospital, fully leased to Healthe Care, comprising 70 beds with a predominant focus on acute medical, maternity (public and private) and mental health services. The hospital is strategically located in a core health precinct, directly adjoining the public hospital.
WALE: 15.2 years
Occupancy (% GLA): 100%
Gross Lettable Area: 8,116sqm
Freehold Land: 71,569sqm
Key Tenants: Healthe Care
100% Freehold Interest
Mayo Private Hospital comprises a modern, purpose-built private hospital fully leased to Healthe Care on a long-term lease. The facility is an integrated surgical, rehabilitation and mental health hospital which underwent significant refurbishment in 2012. The hospital includes 79 inpatient beds and an additional 20 day chairs / beds with three high quality operating theatres and a day surgery unit.
WALE: 14.1 years
Occupancy (% GLA): 100%
Gross Lettable Area: 5,825sqm
Freehold Land: 82,890sqm
Key Tenants: Healthe Care
100% Freehold Interest
Dubbo Private Hospital is a purpose-built medical, surgical and rehabilitation hospital located in a key healthcare precinct. The hospital is fully leased to Healthe Care, offering 54 beds, three operating theatres, and a day procedure suite. The facility is in immediate proximity to numerous medical facilities, including the Dubbo Base Hospital, the Rural Health Medical School and Lourdes Hospital.
WALE: 14.1 years
Occupancy (% GLA): 100%
Gross Lettable Area: 5,588sqm
Freehold Land: 12,170sqm
Key Tenants: Healthe Care
100% Freehold Equity Interest
Dominant private hospital consisting of three operating theatres, day surgery facilities and in-patient capacity. Located on the Gold Coast Highway and adjacent to the next stage of the Gold Coast light rail project, the site offers significant future expansion opportunity.
Specialising in micro-surgery, including fluoroscopy and endovascular procedures, the practice draws clients from across Australia and internationally.
WALE: 6.6 years
Occupancy (% GLA): 100%
Gross Lettable Area: 2,362sqm
Freehold Land: 3,347sqm
Key Tenants: Miami Private Hospital
100% Freehold Interest
Newly built high-profile specialist centre consisting of four reputable medical tenants. The property occupies 1,821sqm of land and the building spans over two levels, with NLA of 980sqm with 26 dedicated parking bays. It is conveniently located 6km north of Wollongong CBD.
WALE: 3.5 years
Occupancy (% GLA): 95.5%
Gross Lettable Area: 980sqm
Freehold Land: 1,821sqm
Key Tenants: Ekera, Southern Healthcare Specialists
100% Freehold Equity Interest
The Willetts Health Precinct comprises three modern medical buildings including the Mackay Day Hospital, The Willetts Centre and the purpose-built Vision Eye Institute Mackay as well as vacant land earmarked for future expansion.
The asset benefits from adjacency to the Mater Mackay Private Hospital and Emergency Care Centre. The Willetts Health Precinct is anchored by Queensland Fertility Group (Virtus Health).
WALE: 4.0 years
Occupancy (% GLA): 100%
Gross Lettable Area: 2,459sqm
Freehold Land: 8,783sqm
Key Tenants: QLD Fertility Group
100% Freehold Equity Interest
Sunshine Day Hospital is a single level day hospital comprising 1,000sqm of GLA. The asset is wholly leased to Dr Gastroenterology primarily providing specialist gastroenterology, endoscopy and hepatology inpatient services. The tenancy is configured to provide two procedure rooms and associated procedure and standard ancillary areas, 10 recovery bed/recliner areas, numerous consulting rooms and a pathology collection room. The asset includes 20 car parking bays and one ambulance bay.
WALE: 5.6 years
Occupancy (% GLA): 100%
Gross Lettable Area: 1,000sqm
Freehold Land: 2,130sqm
Key Tenants: Dr Gastroenterology
100% Freehold Equity Interest
Parkwood Family Practice comprises a medical centre fully leased to IPN Medical Centres with subleases to a pharmacy, family practice, physiotherapist and pathology collection centre. The asset benefits from a prominent position within the Gold Coast University Hospital precinct.
The building services as a GP clinic for the area with an out-of-hours facility via a separate security entrance with its own consulting rooms, waiting area and reception. There is an undercroft car parking for 10 vehicles and a visitor car park with 26 car spaces.
WALE: 3.3 years
Occupancy (% GLA): 100%
Gross Lettable Area: 856sqm
Freehold Land: 2,048sqm
Key Tenants: IPN Medical
100% Freehold Equity Interest
North Ward comprises a freestanding purpose-built medical facility with two medical tenants over three levels and 78 car spaces. The asset is securely anchored by Avanti Healthy Living Group on a brand new 10-year lease.
The Property is situated in Townsville’s established North Ward neighbourhood, a large and affluent catchment supported by major infrastructure improvements nearby. The expansive freehold site area of 9,957sqm with low site coverage (approximately 24%) offers future development upside.
WALE: 7.3 years
Occupancy (% GLA): 100%
Gross Lettable Area: 2,412sqm
Freehold Land: 9,957sqm
Key Tenants: Avanti Healthy Living Group
100% Freehold Equity Interest
Highlands Health Centre is a fully leased, freehold medical centre positioned prominently within metropolitan Gold Coast on a 2,316 sqm site. The asset is 100% leased to IPN Medical Centres who occupy 932 sqm of NLA. Ample car parking is also provided with 55 bays which are located undercover and on-grade.
WALE: 3.3 years
Occupancy (% GLA): 100%
Gross Lettable Area: 932sqm
Freehold Land: 2,316sqm
Key Tenants: IPN Medical Centre
100% Freehold Equity Interest
Bowen Hills Day Surgery is a modern two-storey building fully leased to Life Fertility Clinic. The asset is located 3.5km from the Brisbane CBD and positioned in the city’s inner northern growth corridor. The building underwent a significant refurbishment in 2010 and again in 2021, and benefits from on-grade parking for 2rs vehicles as well as proximity to the Bowen Hills train station and bus stops along Edmondstone Road. The 2,379 sqm site is located within the Bowen Hills Priority Infrastructure Area and has dual street access from Edmondstone Road and Murray Street at the rear.
WALE: 10.1 years
Occupancy (% GLA): 100%
Gross Lettable Area: 2,158sqm
Freehold Land: 2,379sqm
Key Tenants: Life Fertility Clinic
100% Freehold Equity Interest
The Swan Medical Centre is a single-level medical centre comprising a GP clinic, pharmacy, physiotherapy and pathology under a single head lease. The GP practice was established more than 40 years ago and services a mature, established catchment. The property benefits from a significant site area, and a high-profile position fronting the Great Eastern Highway, 15km east of the Perth CBD.
WALE: 7.5 years
Occupancy (% GLA): 100%
Gross Lettable Area: 1,124sqm
Freehold Land: 2,507sqm
Key Tenants: Swan Medical Group
100% Freehold Equity Interest
The Madeley Medical Centre is a single-level integrated health facility, comprising a GP clinic, radiology, optometrist, pharmacy and other allied health services.
The centre underwent an extension in 2017 and benefits from being centrally located to Perth’s major northern growth corridor. Situated on a key arterial road, the centre services it’s surrounding catchment whilst drawing patients from beyond the local area.
WALE: 3.1 years
Occupancy (% GLA): 100%
Gross Lettable Area: 1,479sqm
Freehold Land: 4,281sqm
Key Tenants: Highland Medical
100% Freehold Equity Interest
Mildura Medical Centre is a prominent two-level medical building comprising 20 consulting rooms, two pathology rooms and a procedure room, along with meeting and administration areas. The NLA of the property is 1,608 sqm. The asset benefits from a highly exposed and central location next to key retail amenity in the Mildura CBD.
The property is situated on the north-western side of Langtree Avenue, within Mildura’s CBD. Mildura is located approximately 550km north-west of Melbourne, on the New South Wales and Victorian border.
WALE: 6.0 years
Occupancy (% GLA): 100%
Gross Lettable Area: 1,608sqm
Freehold Land: 475.2sqm and 475.2sqm (leasehold)
Key Tenants: Tristar Medical Group
100% Freehold Equity Interest
Rosebery Convenience & Medical Centre comprises a modern medical centre anchored by a large GP provider, physiotherapy and dentist, as well as an essential-retail based convenience offering including a service station and takeaway. Located south-east of Darwin, the asset was constructed in 2015 and has approximately 2,400sqm of NLA and at-grade carparking.
WALE: 4.4 years
Occupancy (% GLA): 50.8%
Gross Lettable Area: 2,400sqm
Freehold Land: 4,570sqm
Key Tenants: Top End Medical
100% Freehold Equity Interest
Casuarina Medical Precinct is a modern integrated medical centre, located opposite the Casuarina Shopping Centre. The asset is fully leased to a variety of medical uses including the Darwin Day Surgery, Top End Medical GP clinic, pharmacy, pathology and skin cancer clinic. The property was constructed in 2011 and offers convenient at-grade car parking.
WALE: 7.2 years
Occupancy (% GLA): 100%
Gross Lettable Area: 1,864sqm
Freehold Land: 3,154sqm
Key Tenants: Top End Medical, Darwin Day Surgery
100% Freehold Equity Interest
Secret Harbour Medical Centre comprises a modern, two-level medical centre with NLA of 1,614 sqm and car parking provided for 29 vehicles. The asset benefits from a prominent corner position and three-street frontage adjacent to Coles/Woolworths/ALDI shopping centre in the Secret Harbour commercial precinct.
Secret Harbour is located south of the Perth CBD, within the City of Rockingham Local Government Area.
WALE: 5.7 years
Occupancy (% GLA): 100%
Gross Lettable Area: 1,614sqm
Freehold Land: 1,887sqm
Key Tenants: Care Medical Group
100% Freehold Equity Interest
Panaceum Medical Centre comprises a single-level medical facility constructed in 2008. The asset is fully leased to Care Medical Group, who occupy the anchor tenancy and have sub-let other portions of the building to allied health groups and other operators including a pathology clinic. The property has GLA of 1,879sqm and 84 at-grade car parking bays. The asset is located within the commercial centre of the town of Geraldton, a key regional hub and important service and logistics centre for regional mining, agriculture and tourism industries, as well as the Port of Geraldton – a major west coast seaport. The centre services a large portion of the industrial health work for surrounding corporations.
WALE: 10.2 years
Occupancy (% GLA): 100%
Gross Lettable Area: 1,879sqm
Freehold Land: 4,785sqm
Key Tenants: Panaceum Medical Group
100% Freehold Equity Interest
The Gold Coast Surgery Centre comprises a three-level medical centre with podium and basement car parking. The building is occupied by seven tenants.
The asset is located in Southport, approximately 5.3km from the Gold Coast CBD and central to the well-established medical precinct, consisting of aged care facilities, private hospitals and medical centres. The Centre benefits from nearby public transport infrastructure including adjacency to the Nerang Street light rail station.
WALE: 4.8 years
Occupancy (% GLA): 100%
Gross Lettable Area: 2,744sqm
Freehold Land: 2,994sqm
Key Tenants: Avanti Healthy Living Group
100% Freehold Equity Interest
Modern 2,411 sqm retail convenience centre comprising 23 tenancies with a focus on non-discretionary retailers including greengrocers, medical and wellness centre, child care centre, pharmacy and convenience outlets. Situated in a prime position opposite the Yeronga Railway Station, approximately 7.5kms from the Brisbane CBD.
WALE: 5.1 years
Occupancy (% GLA): 93.4%
Gross Lettable Area: 2,408sqm
Freehold Land: 6,682sqm
Key Tenants: NightOwl Supermarket, Guardian Pharmacy and Medical Centre
100% Freehold Equity Interest
A 5,371sqm fully leased neighbourhood shopping centre anchored by Coles and supported by 21 specialty tenants including key national tenants of BWS, Dominos and Discount Drug Store comprising approximately 60%+ of total gross income. Springfield Fair is situated on an expansive 22,000 sqm site approximately 30km south-west of Brisbane CBD in one of the country’s strongest growth corridors. On-site car parking is provided for approximately 277 vehicles.
WALE: 7.5 years
Occupancy (% GLA): 99.9%
Gross Lettable Area: 5,371sqm
Freehold Land: 22,010sqm
Key Tenants: Coles
100% Freehold Equity Interest
A 9,387 sqm modern open-style neighbourhood shopping centre anchored by a full line Woolworths and Dan Murphy’s. Majors are supported by 32 specialty tenants including key national tenants Chempro Chemist, Groove Train, Dominos, Zarraffa’s, St. George Bank and Shell Service Station. Coomera Square is situated on a 33,300sqm island allotment located approximately 54km south of Brisbane CBD and is formatted across six free standing buildings with parking for over 500 vehicles. The centre further benefits from its prime location in the main retail trade precinct of Coomera.
WALE: 7.0 years
Occupancy (% GLA): 99.3%
Gross Lettable Area: 9,387sqm
Freehold Land: 33,300sqm
Key Tenants: Woolworths
100% Freehold Equity Interest
A 7,375 sqm neighbourhood shopping centre anchored by a strong performing Coles supermarket, supported by 28 speciality tenants including three kiosks and two pad-site buildings comprising four separate tenancies. Keppel Bay Plaza is situated on a 22,356 sqm corner site comprising three separate titles with car parking for 290 vehicles. Keppel Bay Plaza is located approximately 42km north-east of Rockhampton CBD and 655km north of Brisbane CBD. The centre benefits from good exposure from all frontages and it’s close proximity to Yeppoon Esplanade.
WALE: 6.2 years*
Occupancy (% GLA): 100%*
Gross Lettable Area: 7,375sqm
Freehold Land: 22,356sqm
Key Tenants: Coles
*Excluding vacancy held for development
100% Freehold Equity Interest
A 12,046sqm sub-regional shopping centre anchored by a full line Woolworths and Target providing approximately 62% of total gross income. Mowbray Marketplace is configured over two separate enclosed centres known as Mowbray Marketplace and Target Centre and is located approximately 4km north of Launceston CBD. The majors are supported by two mini majors The Reject Shop and Chemist Warehouse as well as 18 specialty tenants and two pad-sites comprising a drive-thru Cellarbrations and an EG Fuels petrol station. Mowbray Marketplace is located on a large 34,370sqm site set over two titles with carparking providing for 423 car bays at grade.
WALE: 5.3 years
Occupancy (% GLA): 97.6%
Gross Lettable Area: 12,046sqm
Freehold Land: 34,370sqm
Key Tenants: Woolworths and Target
100% Freehold Equity Interest
A 4,205sqm modern single-storey neighbourhood shopping centre anchored by a full line Coles supermarket providing 63% of total gross income. Major is supported by six specialty tenants including key nationals of Terry White Chemmart Pharmacy and Subway. Rutherford Shopping Centre is situated on a 11,250 sqm site with 288 car parks. The centre further benefits from its location in the main retail precinct in Rutherford township approximately 34km from Newcastle CBD.
WALE: 4.0 years
Occupancy (% GLA): 100%
Gross Lettable Area: 4,205sqm
Freehold Land: 11,250sqm
Key Tenants: Coles
100% Freehold Equity Interest
A 3,841 sqm modern single-storey neighbourhood centre anchored by a full line Coles shopping centre providing 56% of total gross income. Major is supported by eight specialty tenants including key nationals of Dominos Pizza, Chemmart Pharmacy and Greater Bank. Tanilba Bay Shopping Centre is situated on a 13,880 sqm site with 201 car-parks. The centre further benefits from its prominent exposure to the main arterial road traversing north-east and south-west along the Tilligerry Peninsula approximately 47km north-east of Newcastle CBD.
WALE: 7.23 years
Occupancy (% GLA): 100%
Gross Lettable Area: 3,841sqm
Freehold Land: 13,880sqm
Key Tenants: Coles
100% Freehold Equity Interest
A 8,452 sqm modern stratum titled neighbourhood shopping centre anchored by a full line Woolworths supermarket providing 37% of total gross income. Major is supported by three large format tenancies which are Punchbowl Medical Centre, Big Fresh Grocery Store and Anytime Fitness along with 20 specialty tenants including key nationals of Chemist Warehouse and Australia Post. Broadway Plaza is situated on a 29,510 sqm site with 362 car parks. The centre is located opposite the Punchbowl Train Station which is approximately 18km from the Sydney CBD.
Website: The Broadway Plaza Shopping Centre
WALE: 7.66 years
Occupancy (% GLA): 100%
Gross Lettable Area: 8,452sqm
Freehold Land: N/A
Key Tenants: Woolworths and Chemist Warehouse
100% Freehold Equity Interest
A 14,472 sqm modern sub-regional shopping centre anchored by a full line SupaValu IGA supermarket and Big W department store providing 47% of total gross income. Majors are supported by 24 specialty tenants including key nationals of Sullivan Nicolaides, Jetts Fitness, Priceline Pharmacy and Bridgestone Tyre & Auto. Ballina Central is situated on a 44,610 sqm site with 547 car-parks. The centre further benefits from its location in the main retail precinct in Ballina approximately 76km south of Tweed Heads.
WALE: 5.72 years
Occupancy (% GLA): 100%
Gross Lettable Area: 14,472sqm
Freehold Land: 44,610sqm
Key Tenants: BIG W and SupaValu IGA
Website: Ballina Central Shopping Centre
Experienced manager with an established track record of delivering secure income and
strong risk adjusted returns through a hands-on and active management approach.
