With an aging population there has never been a greater demand for a convenient medical centre that offers customers ample parking, ease of access on site in a modern complex. With a 20 year initial term, this is truly a bottom drawer, stable investment.
The convenience centre was completed around 2017 and offers local and passing customers a wide range of handy businesses including fast and sit down food offerings, bakery, fruit and vegetable, dairy, butcher and laundromat. The complex has been designed to take advantage of two street entrances, plenty of customer parking, a secure service and staff parking area to the rear, as well as a wide frontage to showcase all occupiers.
This investment is to be sold with the tenant in place. They are a family owned and operated practice offering optimal primary healthcare to their patients. Wheelchair access as well as a 24 hour after hours service is available.
Shaval’s Medical Practice Ltd trading as Red Hills Medical Centre
• Tenancy area: 212.2sqm (approximately)
• Initial lease term: 20 years
• Commencement: 22/07/2020
• Rights of renewal: 2 x 10 years
• Rent review: three (3) yearly to CPI, market upon renewal
• New renewal due: 22/07/2040
• Current rent: $74,270pa
Call us now to arrange an inspection and access to all the background information.
Full documentation pertaining to this investment property can be accessed via propertyfiles.co.nz/1506500