1 Cargill Street, Waikiwi, Invercargill City

Affordable healthcare investment - 30 year lease

• 30 year lease term from March 2022 plus rights of renewal until 2112
• Triple net lease with annual CPI reviews capped at 4%
• Long-term cashflow security
• A fabulous affordable investment opportunity

Cargill Lifecare comprises a purpose-built 40-bed aged care facility constructed circa 1994.

The facility is situated in Waikiwi, a fringe suburb approximately 4.7km's from the CBD, and is tenanted by Heritage Lifecare Limited with a 30 year triple net lease. With the further rights of renewal terms of 20 years each, this extends the potential lease term to 90 years. The tenant is one of New Zealand's leading and largest aged care operators and benefits from high levels of government funding. The sector is also seeing strong and increasing demand with New Zealand's rapidly ageing population.

This investment offers long-term cash flow security and represents a superb hands-off investment.

Contact the agents below for more information:

Michael Frecklington
021 029 67031
michael.frecklington@bayleys.co.nz

Mike Houlker
021 945 927
mike.houlker@bayleys.co.nz

Sunil Bhana
021 938 660
sunil.bhana@bayleys.co.nz