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Havelock North

10 Danvers Street, Havelock North, Hastings

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4,366sqm Floor area
2.02 ha Land area SQM

For Sale by Negotiation

30 year triple net lease - healthcare

• 30 year triple net lease commenced 31st March 2022
• Rights of renewal totaling 60 years expiring in 2112
• Annual rental growth linked to CPI and capped at 4%
• Growth investment with the security of long-term cash flow

Waiapu House Lifecare comprises a purpose-built, 75 bed care facility integrated with a small resident funded retirement village located in Havelock North. The property is leased to Heritage Lifecare Villages Limited, one of the largest aged care providers in New Zealand.

Underpinned by high levels of government funding and increasing demand from New Zealand's rapidly ageing population, this asset will appeal to astute investors seeking a premium, hands-off investment positioned in the sought-after healthcare sector experiencing strong growth.

Contact the agents below for more information:

Rollo Vavasour
021 650 210

Mike Houlker
021 945 927

Sunil Bhana
+64 21 938 660

Rollo Vavasour

Rollo Vavasour

Commercial, Industrial and Retail Sales

Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Mike Houlker

Mike Houlker

Commercial, Industrial and Syndication Manager

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Sunil Bhana

Sunil Bhana

Director - Capital Markets Industrial and Logistics

Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008


Land area

2.0247ha (more or less)


Urban General Residential


Available now


Growth investment with the security of long-term cash flow

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