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Listing Description

Listed: Thu, 11 Apr

Modern Aged Care Facility With Long Term Lease

32 Taui Street, Ngongotaha, Rotorua, Bay Of Plenty

To be sold by deadline sale (by 9 May)

Details

  •   3511m² Floor
  •   13355m² Land
AttributeValue
Property use
Office
Property ID#
IPW001
Agency reference
NZL67028246

Description

Colliers is proud to be able to bring this truly exceptional aged care investment opportunity to the market - offering an outstanding annual net return of $810,397 + GST - with built in CPI/market growth as well as the future expansion of the facility on an undeveloped 3000m² (approx.) portion of the site.

The Care Village was purpose-built in 2017 as a rest home, hospital and dementia facility and is situated on a stunning 13,355m² freehold site on the shores of Lake Rotorua. The tenant, Rotorua Continuing Care Trust, is an established operator in this field and has created an innovative “village” environment for the residents. They have a long-term view of this property with a 12 year lease from 2017 and a further 2 terms of 6 years.

Comprising immaculate, thoughtfully designed, easy-care buildings and grounds, this unique investment will attract a wide range of investors who see the growing demand for these types of facilities and the future potential for capital growth in this sector. This investment also represents great value compared to the replacement cost of this substantial land and buildings. 

Features:

  • Land area: 13,355m² approx.
  • Consented for 81 residents
  • 3,511m² of modern buildings
  • Current net rental $810,397 + GST
  • CPI rental growth + market renews
  • Lake views and frontage
  • 3,000m² developable land
  • 12 year lease from Oct 2017

Deadline Private Treaty closing 4pm, Thursday 9th May 2024 (unless sold prior)

More information: https://www.colliers.co.nz/p-NZL67028246


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Agent's details

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Colliers, Tauranga Commercial, CPS Partnership Ltd Tauranga, (Licensed: REAA 2008)

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