69 Moehau Street, Te Puke, Bay of Plenty Aged care sector – 30 year triple net lease

Available PropertyFiles:

  • /Building Information/
    • Moehau Stret 69_Building Info.zip
  • /Depreciation Schedule/
    • Moehau Street 69_Depreciation schedule_11.07.2023.pdf
  • /IEP Report /
    • Moehau Street 69_IEP Report_11.07.2023.pdf.pdf
  • /Information Memorandum/
    • Moehau Street 69_Approved IM_Mar 2024.pdf
  • /Insurance Documentation/
    • Moehau Street 69_Insurance Documentation.zip
  • /Interests/
    • 2. Land Covenant in Transfer S621294.pdf
    • 3. Land Covenant in Transfer H021233.pdf
    • 4. Land Covenant in Transfer H031695.1.pdf
    • 5. 7660533.1 Notice of the registration of Carter Village as a Retirement Village..pdf
    • 6. 10654098.1 Encumbrance to The Anglican Diocese of Waiapu.pdf
  • /LIM Report /
    • Moehau Street 69_LIM Report.pdf
  • /Lease Documentation/
    • Moehau Street 69_Lease Documentation.zip
  • /Record of Title/
    • Moehau Street 69_Title_27.03.2024.pdf

Property Description

• 30 year triple net lease commenced 31st March 2022
• Rights of renewal totalling 60 years expiring in 2112
• Annual rental growth linked to CPI and capped at 4%
• Secure long-term cash flow with significant depreciation benefits

Carter House Lifecare provides full rest home care services located in the thriving provincial township of Te Puke, approximately 25km's southeast of Tauranga. This 65 bed facility is leased to Heritage Lifecare Villages Limited, one of New Zealand's leading and largest aged care providers.
The triple net lease structure is vastly superior to the majority of standard commercial leases having the huge advantage of the landlord being insulated from all costs and maintenance of the property. This is the ultimate landlord-friendly form of lease that allows for a completely hands-off investment.
Institutional assets of this calibre, underpinned by high levels of government funding, must appeal to astute investors seeking a premium investment positioned in a sought-after healthcare sector experiencing strong and increasing pressure from New Zealand’s rapidly ageing population.

For further information, please contact below,
Brendon Bradley
+64 21 816 600
brendon.bradley@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

Please fill in the form below and we'll email you a link to download the PropertyFiles, instantly.


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 Brendon Bradley

Success Realty Limited, Bayleys

Licensed under the REA Act 2008

07 571 4686   021 816 600     All Listings

Brendon Bradley is Bayleys Tauranga’s most awarded Commercial / Industrial Salesperson with the distinction of being recognised as #1 Commercial and Industrial Salesperson for Bayleys New Zealand 2019/2020.

He is a trusted and respected realtor with an impressive track record in the Bay of Plenty and Waikato markets over the past sixteen years. This has included divestment of property for the Tauranga City Council, Port of Tauranga, Fonterra Brands (New Zealand) Limited, BP Oil (NZ) Limited and Carter Holt Harvey Limited.

Success for Brendon and his team is attributed to his dedication, commitment and vast experience which form an important part of the successful sale process in facilitating commercial transactions. His total focus is to provide a collaborative approach to provide professional and innovative solutions to ensure the best outcomes are achieved.

His Team Bradley, includes wife Lynn and son Ryan who are all supported by their personal assistant Miranda Shields.


Position Statement:

“To consistently achieve outstanding results for my commercial clients”