Listing Description
Premier healthcare investment – 30-year lease
10 Danvers Street, Havelock North, Hastings, Hawke's Bay
To be sold by deadline sale (by 5 Dec)
Details
| Attribute | Value |
|---|---|
| Property use | Development site |
| Agency reference | 1904896 |
Description
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 mailto:rollo.vavasour@bayleys.co.nz
Mike Houlker 021 945 927 mailto:mike.houlker@bayleys.co.nz
Sunil Bhana +64 21 938 660 mailto:sunil.bhana@bayleys.co.nz
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