Te Hapara
505 Aberdeen Road, Te Hapara, Gisborne
+11
Healthcare investment with long-term leaseback
505 Aberdeen Road, Te Hapara, Gisborne presents a compelling opportunity to acquire a defensive healthcare investment underpinned by a secure triple net lease, returning $457,358pa net + GST with an initial term of ten years.
Leased to Evolution Healthcare NZ, a leading private healthcare operator with international ownership, the strength of this tenant covenant provides a high degree of income certainty and positions the asset within a government-supported sector characterised by non-discretionary demand and resilient long-term fundamentals.
The property is occupied as the Evolve Rehabilitation Gisborne facility and comprises a purpose-built residential rehabilitation complex providing 23 private bedrooms and six two-bedroom units, set within landscaped grounds on a substantial 7,698sqm site in close proximity to the Gisborne town centre.
It supports essential residential rehabilitation services reinforcing the asset's defensive nature and enduring relevance within the healthcare system.
Mike Florance
Bousfield Macpherson Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Floor area details
Purpose-built 29-Unit facility includes 23 private bedrooms and six two-bedroom units designed specifically for residential rehabilitation.
Land area breakdown
Massive 7,698sqm land holding represents a rare and substantial footprint in the heart of the thriving Te Hapara suburb.
Lease term
Secure 10-year triple net lease provides a decade of guaranteed, hands-off income with all outgoings covered by the tenant.
Opportunity
Defensive healthcare asset positioned in a government-supported sector.
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Property files
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