A healthy 7.4% investment opportunity

A sizeable fully-leased standalone commercial property in the centre of Opotiki has come to the market, offering investors the chance to acquire a regional healthcare-aligned asset.

Strategically positioned with convenient public access off King Street in the heart of Opotiki Township, the property is well located within an established commercial environment and surrounded by complementary local businesses. Its central yet slightly recessed position from the main traffic flow provides a quieter, more private setting, ideally suited to healthcare use while remaining easily accessible for staff, patients and visitors.

As a purpose-suited health facility of meaningful scale, the property plays an important role in servicing the healthcare needs of the Opotiki community and the broader Eastern Bay of Plenty catchment. The building offers a generous floor area, numerous consultation, treatment and waiting rooms and strong accessibility credentials.

An abundance of on-site parking further enhances convenience, reinforcing the functionality of the property for both patrons and occupiers.

The property is fully tenanted to Health New Zealand, providing investors with a secure income stream underpinned by a nationally significant government organisation.

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.

Opportunities of this nature and scale are seldom available within the Opotiki market. The long-term relevance of the use, combined with the established tenancy and a lease arrangement with the Opotiki District Council for the adjoining car parking area, collectively enhances the resilience and overall attractiveness of this stable and compelling investment proposition. This is a motivated sale presenting a compelling and affordable acquisition.