Location, Cash Flow, Quality Tenant


31 Weston Avenue, Palmerston North

By Negotiation

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Location, Cash Flow, Quality Tenant | 31 Weston Avenue, Palmerston North | 3050594 |      X Close
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Location, Cash Flow, Quality Tenant


- 12 bedrooms

- Renown international tenant

- Renewed four year lease term from October 2016

- Generous annual income of $93,175.00 net pa +GST

- Annual CPI rent increases

- Investors seeking yield must consider

This presents a superb opportunity to purchase a high yielding freehold residential property, underpinned with an excellent tenant covenant from Bupa Care Services Limited. Bupa have exercised a right of renewal for a term of Four (4) years, commencing 1 October 2016 with a further Right of Renewal of One (1) x Four (4) years available. With a versatile 12 bedroom configuration, this offers the possibility of future residential opportunities. Consider the simplicity that leased property affords, with certainty of term, simplicity of management and recovery of outgoings.

31 Weston Avenue, Palmerston North

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