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Healthcare feasibility, around the operator.

Medical centres, day hospitals and specialist consulting. Operator lease, fit-out by use and stabilised yield as the design unit.

  • Inputs7 blocks
  • Outputs8 metrics
  • CashflowMonthly
  • ScenariosPlanned

What this model does

Healthcare feasibility, end to end.

Decide whether the healthcare operator lease holds up at institutional cap rate. Fit-out by use and approvals timing drive the answer, not a single shell rate.

Calculation flow05 steps
  1. 01

    Scheme

    Site area, GFA, NLA, consulting rooms and theatres captured.

  2. 02

    Cost stack

    Shell $/m², fit-out by use, plant and contingency broken out.

  3. 03

    Operator lease

    Term, rent, escalation and incentives applied.

  4. 04

    Stabilised NOI

    Operator rent feeds stabilised NOI on total development cost.

  5. 05

    Returns

    Stabilised yield, development profit and equity IRR returned.

Schema

Every input. Every output. In one view.

The full healthcare feasibility model schema. 7 input blocks feeding 8 output metrics, with the calculation engine in between.

Inputs07 blocks
  1. 01

    Site and scheme

    Site areaGFANLAConsulting roomsTheatres
  2. 02

    Land

    Land costStamp dutyAcquisition
  3. 03

    Construction

    Shell $/m²Fit-out by usePlantContingency
  4. 04

    Approvals

    DAHealth approvalsLicensingMarketing
  5. 05

    Lease and revenue

    Operator rentLease termEscalationIncentives
  6. 06

    Finance and exit

    LVRInterestCap rateExit value
  7. 07

    Programme

    ApprovalsConstructionFit-outOpening
Outputs08 metrics
Primary outputAt base case
Stabilised yield6.4%
MetricValue
  • Operator rent$2.4M pa
  • Exit value$37.5M
  • Stabilised NOI$2.4M
  • Development profit$7.2M
  • Development margin23.8%
  • Equity IRR16.4%
  • Programme26 months

Engine logic

Two engines. Scenarios and cashflow.

The two pieces that separate the healthcare feasibility from a spreadsheet. Scenarios that share one project, and a monthly cashflow wired to every input.

Scenarios01 / 02

Multiple scenarios, one project

Switchable in a click. No copied files.

  1. 01

    Operator lease terms as scenario levers.

  2. 02

    Consulting rooms versus theatres per scenario.

  3. 03

    Fit-out tier per use type as a scenario.

  4. 04

    Cap rate sensitivity on one project.

Cashflow02 / 02

Monthly cashflow, fully connected

Every input touches the schedule.

  1. 01

    Cashflow runs through approvals, construction and operator fitout.

  2. 02

    Operator rent steps in at opening, with escalation through hold.

  3. 03

    Plant and services costs broken out, with their own contingency.

  4. 04

    Exit value applied at the cap rate at stabilisation.

Excel replacement

Where the workbook quietly fails.

Every row is a recurring failure mode of the healthcare feasibility spreadsheet, and how the model handles it once.

SpreadsheetPopurise model
  • 01Fit-out as one rate across the buildingFit-out by use type, broken out cleanly
  • 02Health approvals not in the programmeApprovals as a real programme item
  • 03Plant and services hiddenPlant broken out, with its own contingency

Use and verify

What it decides. What to check first.

The decisions the healthcare feasibility is built to support, alongside the things to verify before you trust it on a live deal.

What it decidesUse cases
  1. 01

    Lock the operator

    Test operator lease terms against stabilised yield. Decide what holds at exit.

  2. 02

    Right-size the fit-out

    Fit-out per use type as a real input. Margin reflects the tier.

  3. 03

    Stage the consulting versus surgical

    Consulting rooms versus theatres as separate components.

  4. 04

    Pressure-test the cap rate

    Healthcare cap rates are tight. See the sensitivity.

Pre-flight checklist05 checks

  • Fit-out by use type, not a single shell rate.

  • Operator rent with term, escalation and incentives separated.

  • Health approvals as a programme item with its own duration.

  • Plant and services broken out, with their own contingency.

  • Cap rate sensitivity as a scenario.

Worth checking before you stake a live deal on the healthcare feasibility.Register interest
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Questions

Healthcare feasibility, answered.

How Popurise handles the healthcare feasibility.

Is the healthcare model live today?

Not yet. Popurise is live for residential. Healthcare is on the expansion roadmap.

What asset types are in scope?

Medical centres, day hospitals and specialist consulting. Aged care sits in the retirement model.

How is the operator lease modelled?

Term, rent, escalation, rent-free and incentives live as separate inputs.

Does it handle fit-out per use?

Yes. Consulting, day surgery and theatres carry separate fit-out rates.

Shape healthcare feasibility in Popurise.

Tell us how your team models this sector today. We are building it with the developers who will use it.

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