12 Western Road, Ngongotaha
WesternRoad12 Limited is excited to present an exceptional investment opportunity in the heart of Ngongotaha.
Overview
The investment involves a medical business hub property with 11 individually leased consulting rooms. Also a Board Room that will be leased out on a casual basis. The facility is expected to generate stable rental income and provide a strong return on investment.
Fine Print
This investment is intended to be listed on the Catalist Public Market and capital raised pursuant to the Financial Markets Conduct(Catalist Public Market) Exemption Notice2021. It will not be a regulated offer under the Financial Markets Conduct Act 2013. No money is currently being sought and no shares are currently being offered for sale at present.
The shares are intended to be periodically tradeable on the Catalist Public Market and updated information will be required to be released prior to each periodic auction
Investments will only be accepted after the offer documentation has been posted to this market page, however you can indicate your preliminary interest in this offer by clicking on the “register interest“ button below
Investment Metrics:
Currently, the building has been leased back to the previous owners until 28 February 2025, generating $3,800 plus GST per month, along with one consultancy room leased for $758.33 plus GST per month. Renovations are scheduled to commence in early March 2025, with an anticipated completion and readiness for new tenants by the end of March 2025.
While every effort will be made to lease out all consultancy rooms, it is important to note that full tenancy may not be achieved immediately. Based on projections, if all consultancy rooms are eventually leased, the potential investment metrics could look as follows:
- Yield on Cost: 8.70%
- Return on Investment (ROI): 16.00%
These figures are indicative only and should not be relied upon as guaranteed outcomes. Actual results will depend on market conditions and the time required to secure tenants.
Property Highlights
Versatile Office Layout:
Includes a welcoming reception area, 11 individual offices, a dedicated meeting/boardroom, and a fully equipped kitchen and staff amenities.Strategic Location:
Previously operating as the Ngongotaha doctor’s surgery, this property is located just moments from the village shopping centre and the well-connected SH36, ensuring excellent accessibility.Ample Parking:
A spacious parking area enhances convenience for staff and clients, adding significant value to the property.Desirable Surroundings:
Positioned with a pleasant, open outlook over a nearby reserve and playground, providing an attractive and calming environment.
Why Invest?
This property is perfect for investors looking the potential for long-term capital growth. The strategic location, versatile layout, and ease of access make it an asset that ticks all the boxes for professional use.
Don’t miss this rare opportunity to invest in a prime office property in a thriving community.
Register Your Interest
Property Management:
RealtiesNZ Limited will manage the property until all rooms are leased then a suitable Property Manager will take over.
Property Features
- Purpose Built
- 11 Consultancy Rooms
- 2 Restrooms
- Board Room
- Timber Construction
- Commercial 1
- Aluminium Windows
- Off Street Parking
- Security System
- Heat Pumps
- Smart Locks
- Full Kitchen
Disclaimer:
This report is not a substitute for a registered valuation. It has been prepared using Ai Technology and publicly available data and reputable market sources. The figures presented are estimates and should be verified through further due diligence before making investment decisions.
Investors Need to Seek Their Own Advice: The valuation of the property and the potential for capital gains are based on current market conditions and assumptions. Real estate values and market conditions are inherently unpredictable and may fluctuate.
There is no assurance that the property will appreciate in value, and investors may experience losses if the property value decreases or remains stagnant.
Nothing in this document constitutes legal, tax, or financial advice. Prospective investors should seek their own advice, including professional investment, financial, legal, tax, or any other advice that may be necessary to assess whether this investment is appropriate for their individual circumstances.
Any advice purportedly given by WR12L (or its directors, associates, agents, representatives, officers, employees, or advisers) in connection with WR12L, or in this IM, is general advice only.
This IM and any other information provided by WR12L (or its directors, associates, agents, representatives, officers, employees, or advisers) does not take into account the objectives, circumstances (including financial situation), or needs of any particular person.
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