Key features:

• 30-year triple net lease commenced 31st March 2022

• 60 years of rights of renewal, expiring in 2112

• Annual rental growth linked to CPI, capped at 4%

• Net income of $759,716 per annum + GST

Located in the heart of Havelock North, this 75-bed Waiapu House Lifecare facility offers full rest home care services and is leased to Heritage Lifecare Villages Limited, one of New Zealand's leading aged care providers.

This strategic, hands-off investment provides long-term security, underpinned by strong government funding and an ageing population. With a triple net lease, robust tenant commitment, and located in the vibrant town of Havelock North, this asset offers an opportunity to secure a stable income in the thriving healthcare sector.

Contact the agents below for more information:

Rollo Vavasour

021 650 210

rollo.vavasour@bayleys.co.nz

Mike Houlker

021 945 927

mike.houlker@bayleys.co.nz

Sunil Bhana

+64 21 938 660

sunil.bhana@bayleys.co.nz