• Secure aged care investment at 22 Calliope Road, Devonport, occupied by Kingfisher House (dementia care) in a tightly held village-fringe location
• Established tenant, operating a premium dementia care offering from the property
• Current rental of $157,874.75 + GST p.a. on 10-year initial term plus renewal rights extending to a final expiry of 30 November 2050
Positioned in the heart of Devonport, 22 Calliope Road presents a tightly held investment in an increasingly sought-after sector, underpinned by non-discretionary aged care demand and a proven operating location. The property is occupied by Kingfisher House, a specialist dementia care provider trading from the site, offering investors exposure to a defensive healthcare/aged care asset class in one of Auckland’s most established and affluent coastal suburbs.
The income profile is backed by a traditional commercial lease (ADLS) providing a passive 10 + 10 +10 lease structure with built in rental growth via a combination of market and CPI/fixed reviews with personal guarantees.
For purchasers seeking resilient cashflow with sector relevance and long-term positioning, this is a compelling Devonport offering combining healthcare-backed use, established occupancy and enduring location appeal. The asset is likely to attract investors looking for a passive income stream today, with confidence in the essential-service nature of the underlying operation and location.
