Medical income plus Devonport land value
• Long-standing medical tenancy, recently renewed for a new lease term (subsidiary of Tend)
• Standalone freehold medical investment on a 581sqm site
• Easy walking distance to Devonport Village, the waterfront, and ferry terminal
• Commercial income underpinned by enduring residential value
Positioned within one of the North Shore's most tightly held suburbs, 29 Anne Street presents a rare opportunity to acquire a standalone medical investment occupied by Tend. The long-standing tenant has recently committed to a new lease term, providing investors with established income from an essential healthcare use.
Beyond the current income, the property occupies a substantial freehold site in a sought-after residential setting. Assets of this nature are increasingly difficult to secure in quality locations, offering an attractive combination of immediate commercial income and long-term underlying land and residential value.
The wider location is also set to benefit from Peninsula Capital's proposed investment in Devonport town centre, including new residential, hospitality, retail, and commercial development. This significant private investment reinforces confidence in the continued evolution and long-term desirability of the village.
• Standalone freehold medical investment on a 581sqm site
• Easy walking distance to Devonport Village, the waterfront, and ferry terminal
• Commercial income underpinned by enduring residential value
Positioned within one of the North Shore's most tightly held suburbs, 29 Anne Street presents a rare opportunity to acquire a standalone medical investment occupied by Tend. The long-standing tenant has recently committed to a new lease term, providing investors with established income from an essential healthcare use.
Beyond the current income, the property occupies a substantial freehold site in a sought-after residential setting. Assets of this nature are increasingly difficult to secure in quality locations, offering an attractive combination of immediate commercial income and long-term underlying land and residential value.
The wider location is also set to benefit from Peninsula Capital's proposed investment in Devonport town centre, including new residential, hospitality, retail, and commercial development. This significant private investment reinforces confidence in the continued evolution and long-term desirability of the village.
Key features
Accessibility
Easy walking distance to Devonport village, waterfront and ferry terminal
Land area breakdown
Standalone freehold medical investment on a 581sqm site
Lease
Long-standing Medical tenancy, recently renewed for a new lease term (subsidiary of NZX listed Green Cross Health Limited)
Zoning
Residential-Single House Zone
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