MAB Healthcare Trust
The MAB Healthcare Trust (MHCT) was an unlisted Australian unit trust which owned a private hospital and medical centre located in the Melbourne suburb of Prahran.
Registered Name: MAB Healthcare Trust (ARSN 103 463 583)
Established: March 2003
Wound Up: January 2007
Property Value:
Purchase Price $13,500,000 (March 2003)
Sale Price $ 17,530,000 (November 2006)
Property Details:
310 - 324 Malvern Road, Prahran, Victoria
Site area of 5,939 square metres
Building area of 3,514 square metres gross
At the time of sale it was fully let to tenants including Healthscope Limited, MIA Group Limited, Melbourne Pathology and Independent Practitioner Network Limited.
NTA at wind up: $1.25 per unit
MHCT Performance:
MHCT delivered an Internal Rate of Return for the investment period of 15.34% per annun. The distribution performance for the holding period is summarised as follows:
|
Term |
Annualised Distribution |
Tax Deferral |
|
1 March 2003 to 30 June 2003 |
9.25% |
97% |
|
1 July 2003 to 30 June 2004 |
9.25% |
94% |
|
1 July 2004 to 30 June 2005 |
9.50% |
87% |
|
1 July 2005 to 30 June 2006 |
9.75% |
73% |
|
1 July 2006 to 18 January 2007 |
9.75% |
100% |
For further details see MAB Funds Annual Reports.