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Refurbished Medical Asset New Zealand

Wellington Medical Asset | $6,325,000 | Net Yield: 8.24% | Fully-Leased to National Healthcare Providers

This off-market acquisition reflects the calibre of our national reach and ability to secure stable, income-generating assets with long-term upside. Strategically located in one of Greater Wellington’s fastest-growing regions, this fully-tenanted healthcare facility delivers both security and future potential – a standout addition to any income-focused portfolio.

Purchase Details
Asking Price
6800000
Purchase Price
6325000
Deposit (assuming
70
% debt)
1897500
Stamp Duty
Nil
Building Report*
2995
Solicitor Cost*
5000
Valuation*
5000
Other fees*
120175
Other Fees* (Depreciation
report, bank fees)
6800000
Total Cash Required
2028170
Purchase Price + Purchasing Costs
6455670
Net Annual Cash Flow Return
521431
Net Yield on Property
8.24
%
Net Yield Accounting for
Purchasing Costs
8.07
%
Cash-On-Cash Returns
Deposit Needed =
% + Costs
2028170
Cost of Loan
(Assume
6.75
% pa on
70
% debt)
298856
CASH FLOW AFTER
MORTGAGE COSTS
222323
Return of Equity
(Pure cash flow return)
10.96
%
Return of Equity with a
5% Capital Growth Rate:
30.33
%
Return of Equity with a
7% Capital Growth Rate:
36.57
%
Return of Equity
10% Capital Growth Rate:
%
*approximate numbers

Key Highlights

• $521,431 net annual income with an 8.24% yield

• Prime 1,803m² medical facility on a 2,482m² freehold landholding

• Fully leased to Upper Hutt Health Centre, Unichem Pharmacy, and Pacific Radiology

• 15 private car parks + ample surrounding public parking

• Seismically strengthened to 100% NBS and extensively refurbished in 2015

• Zoned High Density Residential – offering future intensification potential

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