An institutional-grade medical investment in Remuera that is home to 12 separate tenancies is being presented to the market for sale, offering prospective purchasers the opportunity to acquire an asset in a premium location.
Unit 2C and 3C, 93-95 Ascot Avenue, Remuera have a substantial combined net lettable area of 1,211sq m.
The stratum in freehold units are zoned Business – Mixed Use Zone under the Auckland Unitary Plan. They can be purchased individually or in one line.
Both units have been refurbished within the past 18 months to an exceptionally high standard, with significant investment made in specialised medical fit-outs, equipment, and operational infrastructure.
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Unit 2C houses five occupants with seven in Unit 3C and the specialised nature of the occupiers, together with the substantial capital invested in their premises, provides a compelling degree of underlying income surety.
Backed by an ASX-listed parent company, SRG Radiology is the anchor tenant at the property, which currently generates approximately $899,397 plus GST and operating expenses in annual passing income. The existing lease agreements also provide fixed annual rental growth.
The asset offers 47 car parks, providing considerable convenience for staff and patients. Immediate access to the motorway network is available through the neighbouring interchange.
Colliers Brokers Logan Roach, Mike van der Putten, and Sam Hyde-Smith have been exclusively appointed to market the units for sale via deadline private treaty closing at 4pm on Wednesday 2 September, unless sold prior.
Roach, Investment Sales Broker at Colliers, says the property offers buyers a diversified income stream given the multitude of tenants.
“This outstanding investment opportunity will appeal to investors and private capital groups seeking a high-yielding asset underpinned by entrenched healthcare occupiers and strong rental growth fundamentals,” Roach says.
“Medical investments are widely regarded as one of the commercial property sector’s most resilient asset classes.”
Nestled within the Ascot Office Park, the property is surrounded by some of Auckland’s most highly regarded medical practitioners.
Purpose-designed and professionally managed, the complex offers a rare concentration of specialist healthcare services within an integrated, hospital-adjacent setting.
Van der Putten, Director of Capital Markets at Colliers, says the subject location attracts leading medical operators seeking proximity, efficiency, and a professional environment aligned with patient care.
“Allevia Hospital Ascot is only moments away and some of the existing tenants in this property are firmly established in their respective fields. Alongside SRG Radiology, some of the other occupants include The Orthopaedic Group and the NZ Respiratory & Sleep Institute,” van der Putten says.
“The precinct is home to a tightly integrated group of medical providers, and their high-quality levels of service collectively reinforce the wider hub’s reputation as a premier healthcare ecosystem.”
Hyde-Smith, Investment Sales Broker at Colliers, says the connectivity of this medical precinct is a key drawcard for buyers.
“Remuera is one of Auckland’s most prestigious and sought-after suburbs, renowned for its character, premium residential appeal, and ease of access to key commercial centres,” Hyde-Smith says.
“Sitting only moments from the motorway network and 100m from Greenlane train station, this property offers convenient access for patients and visitors. Remuera’s busy shopping village is also only just over 1km away.
“This medical facility gives buyers the opportunity to secure an appealing investment in a defensive asset class.”
- Supplied by Colliers
