Key features:
• 30-year triple net lease commenced 31st March 2022
• 60 years of rights of renewal, expiring in 2112
• Annual rental growth linked to CPI, capped at 4%
• Net income of $759,716 per annum + GST
Located in the heart of Havelock North, this 75-bed Waiapu House Lifecare facility offers full rest home care services and is leased to Heritage Lifecare Villages Limited, one of New Zealand’s leading aged care providers.
This strategic, hands-off investment provides long-term security, underpinned by strong government funding and an ageing population. With a triple net lease, robust tenant commitment, and located in the vibrant town of Havelock North, this asset offers an opportunity to secure a stable income in the thriving healthcare sector.
Contact the agents below for more information:
Rollo Vavasour
021 650 210
Mike Houlker
021 945 927
Sunil Bhana
+64 21 938 660