SOLD - CDHB Anchored Investment - Strategic CBD Location
CDHB Anchored Investment - Strategic CBD Location
16 St Asaph St & 66 Stewart St
For Sale by Deadline Private Treaty (unless sold prior) 4pm, Thursday 26th November 2020
• Net rental: circa $365,000pa + GST
• Prime CBD Health Cluster location
• Nearby hospital, research facilities and Metro Sports Centre
• Blue chip medical industry occupiers
• Long term lease to CDHB – circa seven years remaining
• Regular rent reviews
A rare opportunity to acquire a fully occupied investment with two blue chip medical based tenants in a prime central city location. Excellent cashflow security is provided by CDHB and New Zealand Brain Research Institute with a combined weighted average lease term in excess of 5.5 years. This quality investment property is positioned for long term value appreciation. CDHB is committed with a significant tenant fit-out and lease renewals well into the next decade. NZBR has been on site since 2006 and is committed for at least another four years. Metro Sports complex is well under construction and has already attracted medical related services to the area. A car park building was recently approved opposite and will only serve to make the area more attractive to tenants. Here is a perfect investment for individuals, family trusts and small group syndicates.
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Contact Jeremy Speight for an Information Memorandum today.
027 655 5647
jeremy.speight@bayleys.co.nz
WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008
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