• 30 year triple net lease commenced 31st March 2022
• Rights of renewal totaling 60 years expiring in 2112
• Annual rental growth linked to CPI and capped at 4%
• Growth investment with the security of long-term cash flow
Waterlea Lifecare comprises a 61 bed care facility, currently providing full rest home, respite, dementia care and medical services located in the residential suburb of Springlands, approximately 2km’s from Blenheim CBD. The property is leased to Heritage Lifecare (BPA) Limited, one of the largest aged care providers in New Zealand.
Underpinned by high levels of government funding and increasing demand from New Zealand’s rapidly ageing population, this asset will appeal to astute investors seeking a premium, hands-off investment positioned in the sought-after healthcare sector experiencing strong growth.
For more information, please contact below
Glenn Dick
+64 21 731 201
Mike Houlker
+64 21 945 927
Sunil Bhana
+64 21 938 660