![]() Asset Class: | Medical |
![]() Price: | $ 2883000 |
![]() Net Yield: | 6.50 % |
![]() Net Yield - including solar strategy: | % |
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The Local Doctors, Glendene Medical Centre site offers prominent exposure to major arterial Great North Road in the heart of the busy Glendene Village shopping centre,<span style="color:rgb(51, 51, 51);"> home to tenants that include Labtests and Barfoot and Thompson. The property is in close proximity to public transport networks and main arterial routes and is underpinned by an established residential catchment with no other competing medical centre nearby.</span><br><br>With a nine-year lease in place from 2017, rights of renewal until 2038 and assured rental growth, Unit A, 4343-4349 Great North Road, Glendene presents an attractive offering. <span style="color:rgb(51, 51, 51);">Passive investors can take comfort in the secure and well-established tenant covenant with built in rental growth, a</span> long-term essential investment which would make an attractive edition for any portfolio.<br><br>Situated within the bustling Glendene Shopping Village which is fitted out to a high standard and occupied by well known and established regional brand tenant, Local Doctors, a healthcare provider with nearly 40 clinics Auckland wide - making them the nations largest medical provider. <span style="color:rgb(51, 51, 51);">Clinics offer a mix of appointment bookings and walk-in services for patients’ convenience. Patients enrolled with Local Doctors can attend any of its clinics and be seen by a team who already know their health needs.</span><br><br><span style="color:rgb(51, 51, 51);">Also located within Unit A is Unichem Glendene Pharmacy, with a sublease agreement in place, monthly management is kept simple. </span><br> <br><br><br>
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The site for sale sits within a local retail hub which attracts customers and clients from an established residential catchment. It benefits from the presence in the immediate vicinity of complementary health-related businesses such as Lab tests and Unichem, but with no competing medical centre nearby.<br><br>The property is well placed between the significant business districts of New Lynn and Henderson and within minutes of WestCity Mall, as well as being about 25 minutes from the Auckland CBD. <span style="color:rgb(51, 51, 51);">Other prominent occupiers in the area include NZ Post, BP and Mobil service stations.</span><br><br>Zoned as Business – Local Centre zone under Auckland’s unitary plan. This zoning provides for the local convenience needs of residential areas<span style="color:rgb(51, 51, 51);"> with good public transport and normally includes</span> local retail and appropriately sized supermarkets, food and beverage, commercial services and offices.<br><br>The zone typically enables buildings of up to four storeys, with the potential for residential use on upper floors. Local centres enable commercial activity which primarily services local convenience needs and provides residential living opportunities.
Additional Location Information File<b>People-centred healthcare services</b><br><i>The Doctors Medical Centres</i> is New Zealand’s largest network of doctors and primary healthcare services, making it easy for you to access personalised care, when and where you need it most. Choose from one of our 66+ medical centres near you.<br>Trusted by over 400,000 kiwis, our healthcare team of 1,400+ includes:<br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">GPs</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Nurse Practitioners</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Health Improvement Practitioners</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Health Coaches</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Extended Care Paramedics</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Nurses</span></p></li></ul>A diversified clinical team in our medical centres helps to reduce appointment wait times, so your health concerns are addressed in a timely way. Our practices hold appointments each day for our enrolled patients who have critical presentations.<br>
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">National brand medical centre in occupation on a nine year lease</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">220 sqm NLA across The Doctors and Pharmacy</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Anchored by Local Doctors with a sublease to Glendene Community Pharmacy</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Fantastic exposure with generous car parking</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Currently returning $187,395pa plus GST and outgoings</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Assured rental growth - Two yearly increases of CPI plus 1.5%</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The only Medical Centre in the local area</span></p></li></ul><br>