Passive rest home investment

Takapuna, North Shore City

Tender

Proposed Usage
Office
Floor Area
4675.00 m²
Description:
Property ID
1c3lz50

- Modern rest home facility (constructed 2015)
- 15 year initial term with built in rental growth on ADLS commercial lease
- Booming industry with further predicted rapid growth
- Located in Auckland suburb earmarked for significant future intensification

Situated on a two (2) hectare (more or less) corner site within close proximity to Auckland's motorway network sits this immaculately presented purpose built rest home facility. Prospective investors will be very impressed with the obvious quality and intelligent design of the facility with no expense spared resulting in a premium care facility that is second to none. The care provider who operates the business pride themselves on high level care and attention to detail.

Very seldom does the opportunity present to directly invest in the land and buildings of one of New Zealand's fastest growing industries, aged care. On offer, the property and lease represent one of the most passive investment offerings to the Auckland market of 2018 and the chance to purchase an asset class rarely available for public acquisition. With all the hands off attributes of comparable A-Grade warehouse or office investments, the value of the property is underpinned by the substantial growth of an ageing population demographic that is objectively guaranteed.

The property is currently fully let returning $905,328.72pa + GST. Full tenancy details available upon request.

For Sale by Tender (unless sold prior)
Closing at 4pm, Thursday 6th December 2018
29 Northcroft Street,
Takapuna, Auckland.

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Takapuna Area