Available PropertyFiles:

/Building Information/
- McLauchlan Street 50_Building Info.zip
/Depreciation Schedule/
- McLauchlan Street 50_Depreciation schedule_11.07.2023.pdf
/IEP Report/
- McLauchlan Street 50_IEP Report_11.07.2023.pdf
/Information Memorandum/
- McLauchlan Street 50_Approved IM_Mar 2024.pdf
/Insurance Documentation/
- McLauchlan Street 50_Insurance Documentation.zip
/LIM Report /
- McLauchlan Street 50_LIM Report.pdf
/Lease Documentation/
- McLauchlan Street 50_Lease Documentation.zip
/Record of Titles/
- McLauchlan Street 50_Titles.zip

Property Description

• 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

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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 Sunil Bhana

Bayleys Real Estate Limited

Licensed under the REA Act 2008

09 375 8438 021 938 660 sunil.bhana@bayleys.co.nz All Listings

In 2017 Sunil was promoted to the role of managing Bayleys Central and West Auckland Industrial Sales and Leasing Team, a high performing, experienced, group who work together in a collaborative environment to ensure the best client outcomes are achieved.

Sunil joined Bayleys in 2001 having completed a Bachelor of Commerce and a Bachelor of Property at the University of Auckland. Initially focussing on the industrial sales and leasing market in Penrose and Mt Wellington, Sunil established an excellent grounding operating in both buoyant and difficult markets and learning the skills required to bring a deal together.

As a senior broker, Sunil has continued to service the Auckland Industrial market as well as completing other commercial, industrial and special projects throughout New Zealand working in conjunction with Bayleys National network of agents.

Sunil’s personable approach and hard working attitude has lead the conclusion of a significant number of transactions in leasing, vacant, investment and land sales. Sunil is motivated and results oriented, and provides a professional approach to property marketing, possessing the attention to detail essential to the smooth running of a marketing campaign.

Sunil has been awarded Bayleys’ Staff Recognition and Ian McHardy Recognition Awards in acknowledgement of his contribution and commitment to the Bayleys Company and has consistently featured amongst Bayleys top performing agents, regularly positioned in the top 10% of Bayleys Salespeople nationally.

Contact Mike Houlker