Tauranga Medical Fund LP
16 Hoariri Way and 230 Seventeenth Avenue Tauranga
Projected Return
5.93% p/a*
Purchase Price Circa
$28,000,000
Annual Net Rent Circa
$1,400,000
Combined WALT
17 Years
Acquisition Date
2023
Projected Return
5.93% p/a*
Purchase Price Circa
$28,000,000
Annual Net Rent Circa
$1,400,000
Combined WALT
17 Years
Acquisition Date
2023
These two high-quality office/medical properties (including cafe) in Tauranga, offer investors the opportunity to access and own shares in quality properties in an established Business Park.
16 Hoariri Way is a brand-new office building for Health New Zealand (HNZ). This is located in Tauranga at the 17th Avenue Business Park. The park is directly opposite Tauranga Hospital, the largest in the Bay of Plenty. The business park is a medical hub with the majority of the buildings catering for healthcare connected business’. HNZ currently occupies three other properties in the park as well as leasing 400+ car parks for its staff.
230 Seventeenth Avenue is a large site located at the bottom of 17th Avenue, near Tauranga Hospital. This new building is being developed by Classic Developments. The building will include a medical facility of approximately 2,599m2 and a cafe of 60m2. The property interest is freehold.
*Based on forecast modelling and may be subject to change. Further financial information will be provided in the Due Diligence Information
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