This is indeed a very rare property investment opportunity. You have a world class rest home facility, including the provision of dementia care, as your secured tenant and additionally there is surplus land for immediate development. The development of the surplus land houses within the same freehold title will bring additional income on top of the $200,000 per annum (net with tenant paying all outgoings) for the rest home and two houses and this income is guaranteed for the next twenty (20) years.

Location-wise the property is in a peaceful residential suburb of Eltham in Taranaki, some 59 km south of the city of New Plymouth. Eltham is the gateway to Lake Rotokare, a scenic lake surrounded by native bush and to the man-made lake of Lake Rotorangi. With the beauty of Mount Egmont just 36 minutes' drive away, the place is now enjoying one of the highest growth rates in property prices.

This is also a golden opportunity for a new migrant family wanting to come and invest in New Zealand.

The vendor and the tenant demand the highest level of confidentiality here and thus all prospective purchasers would need to complete the required confidentiality agreement to be supplied with further details.

Please contact Francis Lai today at + 64 21 309 708.

Agency reference #: JL42072