Colliers is proud to be able to bring this truly exceptional aged care investment opportunity to the market - offering an outstanding annual net return of $810,397 + GST - with built in CPI/market growth as well as the future expansion of the facility on an undeveloped 3000m² (approx.) portion of the site.
The Care Village was purpose-built in 2017 as a rest home, hospital and dementia facility and is situated on a stunning 13,355m² freehold site on the shores of Lake Rotorua. The tenant, Rotorua Continuing Care Trust, is an established operator in this field and has created an innovative “village” environment for the residents. They have a long-term view of this property with a 12 year lease from 2017 and a further 2 terms of 6 years.
Comprising immaculate, thoughtfully designed, easy-care buildings and grounds, this unique investment will attract a wide range of investors who see the growing demand for these types of facilities and the future potential for capital growth in this sector. This investment also represents great value compared to the replacement cost of this substantial land and buildings.
Features:
* Land area: 13,355m² approx.
* Consented for 81 residents
* 3,511m² of modern buildings
* Current net rental $810,397 + GST
* CPI rental growth + market reviews
* Lake views and frontage
* 3,000m² developable land
* 12 year lease from Oct 2017
