18 Peace Avenue, Moturoa

8% Net Yield - Beautiful Building - Long Term Tenant

The Jewel in the crown, fantastic investment. great location, stunning gardens, sea views, plenty of off street parking.

Property is being sold by the business owner, who has owned this very successful enterprise for many years and is looking to lease back.

The business is underpinned by Government Contract, being a residential special care unit.

The property itself is in first class condition offering health care to people with high level needs, it comprises a refurbished original dwelling, and a new wing.

Tenant (existing operator) is prepared to enter long term lease at $185,000 plus GST and outgoings pa (supported by valuation), which represents an 8% net
yield, terms and conditions are negotiable.

Gross Floor Area (approx) Square Meters
Original: 244
Extension: 206
Storage/Amenities: 89
Verandah: 86
Building Total Area: 625sqm
Land Area: 2,891 sqm

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Information pack available for registered buyers