New 10-year lease to rest home tenant


25 Coles Crescent, Papakura

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New 10-year lease to rest home tenant | 25 Coles Crescent, Papakura | 1903295 |      X Close
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New 10-year lease to rest home tenant


β€’ Purpose-built 20 room rest home licensed for 21 residents

β€’ Fee simple 1,320sqm (more or less) site zoned Residential - Mixed Housing Urban Zone

β€’ New ten (10) year lease plus right of renewals

β€’ Returning $110,000 plus GST and outgoings with CPI rental growth

An opportunity to secure a bottom drawer investment in the fast growing Papakura Town Centre.

Offering a 21 bed rest home with heat pumps and heaters in every room, two dining rooms, two lounges and a net lettable area of 625sqm (more or less), this purpose built aged-care facility benefits from a new long-term lease to an experienced operator.

Situated on a 1,320sqm (more or less) fee simple site, the property is located within walking distance to Papakura Town Centre, and is in close proximity to southern motorways.

The property is perfectly suited to passive investors looking for long term stability with future development potential.

Piyush Kumar

027 410 4750

[email protected]

Peter Migounoff

027 492 0788

[email protected]

Piyush Kumar

Papakura

Licensed under the REA Act 2008

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Peter Migounoff

Papakura

Licensed under the REA Act 2008

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25 Coles Crescent, Papakura

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Piyush Kumar

Papakura

Licensed under the REA Act 2008

View profile

Peter Migounoff

Papakura

Licensed under the REA Act 2008

View profile