22 Calliope Road, Devonport Aged care income in blue-chip Devonport

Available PropertyFiles:

  • /A. Record of Title and Interests/
    • Calliope Road 22 - NA55B_590_Title.pdf
  • /B. LIM Report/
    • Calliope Road 22 - LIM.pdf
  • /C. Lease Documents/
    • 22 Calliope Road Lease.pdf
    • DK Property Limited - CPI Rent Review 1 December 2024.pdf

Property Description

• Secure aged care investment at 22 Calliope Road, Devonport, occupied by Kingfisher House (dementia care) in a tightly held village-fringe location
• Established tenant covenant with Kumeu Village Family Limited, operating a premium dementia care offering from the property
• Current rental of $157,874.75 + GST p.a. on 10-year initial term plus renewal rights extending to a final expiry of 30 November 2050

Positioned in the heart of Devonport, 22 Calliope Road presents a tightly held investment in an increasingly sought-after sector, underpinned by non-discretionary aged care demand and a proven operating location. The property is occupied by Kingfisher House, a specialist dementia care provider trading from the site, offering investors exposure to a defensive healthcare/aged care asset class in one of Auckland’s most established and affluent coastal suburbs.

The income profile is backed by a traditional commercial lease (ADLS) providing a passive 10 + 10 +10 lease structure with built in rental growth via a combination of market and CPI/fixed reviews with personal guarantees.

For purchasers seeking resilient cashflow with sector relevance and long-term positioning, this is a compelling Devonport offering combining healthcare-backed use, established occupancy and enduring location appeal. The asset is likely to attract investors looking for a passive income stream today, with confidence in the essential-service nature of the underlying operation and location.

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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 Michael Nees

Bayleys Real Estate Limited

Licenced under the REAA 2008

+64 9 489 0963   +64 21 182 3085   michael.nees@bayleys.co.nz   All Listings

Michael is a Senior Broker at Bayleys Commercial on the North Shore. Specialising in Investment Sales, Michael has concluded in excess of $200 million of transactions of this nature and has been a top 5 Broker at Bayleys North Shore for the last 3 years.

Recognised as one of the leading Investment Sales Brokers across all agencies on the North Shore, Michael has amassed numerous accolades in his career including membership to a distinguished national group of brokers under the age of 35 to achieve specific key performance indicators.

This blend of experience and results combined with a youthful passion and enthusiasm for his work has produced an impressive track record of record prices/yields and a reputation for being able to conclude some of the most challenging transactions in the market in recent memory.

Michaels philosophy is simple, to add value to his clients transactions by any ethical means necessary. Armed with a Degree in Property Valuation and Management and a determined and tenacious nature this often involves going beyond the “extra mile” to achieve the best outcome for his valued clients.

Michael has a proud North Shore heritage being a Rangitoto College and Massey University alumni and is passionate about the future of the region.