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Listing Description

Listed: Fri, 3 Nov

30 year triple net lease - healthcare

10 Danvers Street, Havelock North, Hastings, Hawke's Bay

Price by negotiation


  •   20247m² Land
Property use
Development site
Agency reference


  • 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

Waiapu House Lifecare comprises a purpose-built, 75 bed care facility integrated with a small resident funded retirement village located in Havelock North. The property is leased to Heritage Lifecare Villages 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.

Contact the agents below for more information:

Rollo Vavasour 021 650 210

Mike Houlker 021 945 927

Sunil Bhana +64 21 938 660



Agent's details

Enquire about the property

Bayleys Manukau C & I, (Licensed: REAA 2008)

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