This modern purpose-built RSE accommodation facility was developed between 2020 and 2023 in three stages. It currently accommodates 246 workers with plans underway to expand an additional 96 RSE workers. Stage 3 was completed in September 2023 and the entire facility is secured under a long term lease to ENZA Fruit New Zealand Limited.
- Net Income circa $1,460,000pa plus GST
- Built-in growth with annual CPI adjustments
- Total land area 4.499 ha (approx.) freehold
- Accommodation capacity 246 beds
- Consent underway for a further 96 beds, growth of approx. $600,000pa additional rental
- Lease term 10 years from September 2023 with further rights of renewal
- Operating expenses 100% paid by the tenant
- Strategically located property within the Irongate growth node and in easy proximity to the ENZA orchards
This property presents a unique opportunity to secure an investment that has growth opportunity and a very secure income stream for the future. Enquire today for full details.
