Aged care sector - 30 year triple net lease
Aged care sector - 30 year triple net lease
50 McLauchlan Street, Blenheim
50 McLauchlan Street, Blenheim
By Negotiation
By Negotiation
Listing ID 1904653
Features
-
2,079sqm
floor area -
5,121sqm
land area
Details
Price by Negotiation
| Anchor tenants | Strategic and defensive income producing aged care asset with a strong tenant covenant and long-term lease security |
| Growth | Annual rental growth built in linked to CPI offsetting inflation pressure, subject to a 4% per annum cap (minimum 1% increase) providing the security of a long-term WALT and lucrative cash flow. |
| Lease | 30 year triple net lease commenced 31st March 2022 with rights of renewal totaling a further 60 years and final expiry in 2112, making this an extremely stable investment. |
| Opportunity | Sought after institutional-grade investment opportunity within the healthcare real estate sector that is a totally passive performer with a proven tenant and track record |
Description
Aged care sector - 30 year triple net lease
• 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
Waterlea Lifecare comprises a 61 bed care facility, currently providing full rest home, respite, dementia care and medical services located in the residential suburb of Springlands, approximately 2km's from Blenheim CBD. The property is leased to Heritage Lifecare (BPA) 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.
For more information, please contact below
Glenn Dick
+64 21 731 201
glenn.dick@bayleys.co.nz
Mike Houlker
+64 21 945 927
mike.houlker@bayleys.co.nz
Sunil Bhana
+64 21 938 660
sunil.bhana@bayleys.co.nz
Glenn Dick
Marlborough
Licensed under the REA Act 2008
| Mobile: +64 21 731 201 |
| Office: +64 3 578 7700 |
| glenn.dick@bayleys.co.nz |
Mike Houlker
Auckland Central - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 945 927 |
| Office: +64 9 375 8437 |
| mike.houlker@bayleys.co.nz |
Sunil Bhana
South Auckland - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 938 660 |
| Office: +64 9 375 8438 |
| sunil.bhana@bayleys.co.nz |
Features
-
2,079sqm
floor area -
5,121sqm
land area
Details
Price by Negotiation
| Anchor tenants | Strategic and defensive income producing aged care asset with a strong tenant covenant and long-term lease security |
| Growth | Annual rental growth built in linked to CPI offsetting inflation pressure, subject to a 4% per annum cap (minimum 1% increase) providing the security of a long-term WALT and lucrative cash flow. |
| Lease | 30 year triple net lease commenced 31st March 2022 with rights of renewal totaling a further 60 years and final expiry in 2112, making this an extremely stable investment. |
| Opportunity | Sought after institutional-grade investment opportunity within the healthcare real estate sector that is a totally passive performer with a proven tenant and track record |
50 McLauchlan Street, Blenheim
Open in map
Glenn Dick
Marlborough
Licensed under the REA Act 2008
| Mobile: +64 21 731 201 |
| Office: +64 3 578 7700 |
| glenn.dick@bayleys.co.nz |
Mike Houlker
Auckland Central - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 945 927 |
| Office: +64 9 375 8437 |
| mike.houlker@bayleys.co.nz |
Sunil Bhana
South Auckland - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 938 660 |
| Office: +64 9 375 8438 |
| sunil.bhana@bayleys.co.nz |
Share listing at 50 McLauchlan Street, Blenheim
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