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883sqm Land area SQM
397sqm Floor area

Diversified medical investment 8+ year WALT


• Split risk income stream of $206,000pa + GST across four tenants
• 2% annual rental increases and four year market reviews across all tenancies
• 883sqm (more or less) freehold site with Local Centre zoning
• Located in affluent suburb with strong underlying land value

Modern high profile investment with income diversified across four synergistic medical tenancies. Anchored by a long established General Practice, the property boasts a very lucrative passive income stream in a market starved of quality investment assets.

This is a purpose built facility with an exceptional lease profile, assured rental growth, and generous car parking. No expense has been spared. The calibre of the asset presents a compelling investment opportunity by way of its existing income profile. Given the properties combination of land, zoning and prime location which allows multiple redevelopment opportunities, astute investors can realise future long term capital growth.

A low risk nest egg with guaranteed rental growth. Offerings of this nature with certainty of income are rare in the current market. This will sell. Viewing strictly by appointment only, full details are available upon signing a confidentiality agreement.

Auction
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland

11
Aug

Time11am
Calander
Calendar
Michael Nees

Michael Nees


Bayleys Real Estate Ltd, North Shore Commercial,
Licensed under the REA Act 2008
Ranjan Unka

Ranjan Unka


Bayleys Real Estate Ltd, North Shore Commercial,
Licensed under the REA Act 2008
Terry Kim

Terry Kim


Bayleys Real Estate Ltd, North Shore Commercial,
Licensed under the REA Act 2008

Features

Land area


883sqm (more or less)

Tenancy details


Returning net rental of $206,000pa + GST

Zoning


Business - Local Centre