Unit A8, 1-3 Red Hills Road Healthy returns with a prescription for profit
TweetAvailable PropertyFiles:
- /A. CT and Easements/
- Unit A8 - 854491_Title.pdf
- /B. LIM Report/
- Red Hills Road 1-3 Unit A8_LIM.pdf
- /C. Lease Documents/
- Unit A8_Red Hills Lease - Medical.zip
- /D. Body Corporate /
- Red Hills Body Corporate Documents.zip
- /E. Pre-contract Disclosure Statement/
- BC523701 Red Hills - PCD Unit A8 (PU8).pdf
- /F. Flyer and Site Plan - A8/
- A8 flyer and site plan.pdf
- /G. Information Memorandum/
- Information Memorandum 1-3 Red Hills Road final (print).pdf
Property Description
With an aging population there has never been a greater demand for a convenient medical centre that offers customers ample parking, ease of access on site in a modern complex. With a 20 year initial term, this is truly a bottom drawer, stable investment.The convenience centre was completed around 2017 and offers local and passing customers a wide range of handy businesses including fast and sit down food offerings, bakery, fruit and vegetable, dairy, butcher and laundromat. The complex has been designed to take advantage of two street entrances, plenty of customer parking, a secure service and staff parking area to the rear, as well as a wide frontage to showcase all occupiers.
This investment is to be sold with the tenant in place. They are a family owned and operated practice offering optimal primary healthcare to their patients. Wheelchair access as well as a 24 hour after hours service is available.
Shaval's Medical Practice Ltd trading as Red Hills Medical Centre
• Tenancy area: 212.2sqm (approximately)
• Initial lease term: 20 years
• Commencement: 22/07/2020
• Rights of renewal: 2 x 10 years
• Rent review: three (3) yearly to CPI, market upon renewal
• New renewal due: 22/07/2040
• Current rent: $74,270pa
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Terms of Supply
The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.
Contact Peta Laery
Commercial North Shore Limited, Bayleys
Licensed under the REA Act 2008
021 277 3039 peta.laery@bayleys.co.nz All Listings
Backed by over two decades of experience in New Zealand's dynamic commercial and industrial real estate sector, Peta Laery is a true industry expert who is passionate about achieving success for her clients. As the first female salesperson in the busy Bayleys South Auckland office, Peta has consistently ranked amongst the best at Bayleys, concluding more than $300 million in real estate transactions with a refreshing enthusiasm that consistently wins the business.
With a proven track record of success, Peta has held positions at three of the biggest commercial organizations in the region. She brings the benefit of practical experience and a deep understanding of the systems and processes that remove stress and get results, making her a trusted advisor to high-net-worth clients seeking to maximize the value of their commercial and industrial property investments.
As an Associate Director, Peta has exceptional sales and leasing expertise, spanning the spectrum of commercial and industrial property assets, predominantly focused around the Auckland region. She consistently exceeds the expectations of her clients, offering a balanced approach to service while retaining repeat business from those who rely on her knowledge of the market, including legislative, economic, and council developments.
Aside from her professional pedigree, Peta is a relentless team player, widely respected across the industry for her compassionate contribution to gender parity and young mentorship. She is a qualified First Aider, including mental health, and a trained Big Sister Organization, and King’s Trust (ex-Prince’s Trust) mentor. Peta was a finalist in the NZ Property Council's 'Woman in Property' award for 2022. She served for 6 years on the KFF at Kristin School on Auckland’s North Shore. In her spare time, she loves to travel, ski, fish, and any activity in the outdoors.