Fraser Manor Rest Home
Comprehensive long lease out to 2052 includes a Deed of Guarantee.
Annul Rent $224,720 - Rent review min 5% 0f current rent or Market whichever is greater. All Outgoings are paid by the Lessee.

Lessee - Senior Care Investments Limited - Lease commenced 15 Dec 2010.
The lessee provides rest home care which is funded by paying clients and Govt Agencies.

BUILDINGS -The Main Building addition incorporates a feature main entry canopy, reception, bedrooms, staff office, storeroom, disabled toilets, two bathrooms, treatment room, two lounges, an extensive commercial  kitchen and dining area. The inhouse commercial laundry services the facility.

The secondary part contains single bedrooms, toilets, bathrooms, a lounge with conservatory, storage room and staff room.

 3  SELF  CONTAINED  UNITS: Each unit contains a lounge, kitchen with four-element range, single bedroom, bathroom with toilet, shower and vanity and a study area.

This opportunity is one of those investments whereby the owner is reassured that all the issues of maintaining the property are dealt with by the Lessee.
The comprehensive lease requires the lessee to maintain the interior and exterior of the property from a maintenance fund which the lessee must pay 3% of the annual rent on a monthly basis into a joint account in the names of owner and lessee. Notwithstanding the lessee must redecorate interior and exterior every 7 years. 

The Lesses operational management is audited against the NZ Health and Disability Service Standards. Next audit 5 Sept 2025 this adds another layer of protection for owners.

For a full property information Memorandum 

Contact Rob Pinny
rob.pinny@realtycom.co.nz
0274 842 589