Blenheim
50 McLauchlan Street, Blenheim, Marlborough
+61
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
Be Marlborough Ltd, Bayleys,
Licensed under the REA Act 2008
Mike Houlker
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Sunil Bhana
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Features
Anchor tenants
Strategic and defensive income producing aged care asset with a strong tenant covenant and long-term lease security
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
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.
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.
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