A sizeable fully-leased stand-alone commercial property in the centre of Ōpōtiki has come to the market, offering investors the chance to acquire a regional healthcare-aligned asset.
The property at 1 Abbot Lane, Ōpōtiki in Eastern Bay of Plenty comprises around 1,075sqm of low maintenance buildings on a circa-2,011sqm freehold flat site zoned Commercial in the centre of town.
Ample onsite carparking is available, with a 2,504sqm sealed, and marked car park area adjoining the medical facility, leased from Ōpōtiki District Council.
The main access to the medical facility is from King Street, with the central yet set-back position providing safety and privacy, while remaining accessible for staff, patients and visitors.
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The well-presented, and well-maintained single-level building has been efficiently configured to support the healthcare and clinical operations of the committed tenant, Health New Zealand.
Operating as Ōpōtiki Health Centre, the facility provides community-oriented primary healthcare services.
The main building has a covered portico entrance to allow convenient vehicle and pedestrian access, a bright and welcoming open reception area, and a practical layout offering multiple consultation, treatment and examination rooms, plus dedicated waiting areas for efficient patient flow.
The first of two five-year rights of renewal has been exercised early by Health New Zealand, and the lease has a final expiry date of 30 April 2034, with rent reviews to market every three years. Net rental income details are available on request.
The property is for sale by tender closing 4pm, Wednesday 4th March, unless sold prior, through Larissa Reid of Bayleys Whakatāne.
As a purpose-built health facility of meaningful scale, Reid says the property plays an important role in servicing the healthcare needs of the Ōpōtiki community and the broader Eastern Bay of Plenty catchment.
"The building s generous floor area, practical and workable layout, and its strong accessibility credentials support efficient service delivery and patient comfort.
"An abundance of on-site parking further enhances convenience, reinforcing the functionality of the property for both patrons and the operator. As it is sited within an established commercial environment and surrounded by complementary local businesses, it s an optimal location for a busy healthcare hub."
Reid says given the property is fully-tenanted to Health New Zealand, investors can take confidence from a secure income stream underpinned by a nationally significant government organisation, and accelerated demand for healthcare services.
"Opportunities of this nature and scale are seldom available within the Ōpōtiki market, and as a relatively modern building, the property is a standout commercial asset in the town.
"We expect national interest in the property as investors are scoping regional opportunities with strong income and sound tenant credentials.
"This is a bottom-drawer proposition for an established investor, perhaps someone with ties to the wider Bay of Plenty region."
Ōpōtiki is the gateway to the East Cape and is approximately 44km from Whakatāne, 133km from Rotorua, 134km from Tauranga, and 353km from Auckland.
The local economy is set to get a boost through a regional aquaculture agreement to deliver $35m iwi marine space in Ōpōtiki. This will build on the already established aquaculture industry based around the ?p?tiki harbour and surrounds.
- Supplied by Bayleys
