136 Whangaparaoa Road, Red Beach, Auckland

Bayleys is pleased to present the Hibiscus Coast Community Health Centre, a purpose-built healthcare facility leased to Health New Zealand, offering secure government-backed income and significant underlying land value.The property generates net income of $453,000 p.a. + GST and outgoings and occupies a substantial 4,322 sqm freehold site with 90 car parks. The well-presented 1,322 sqm two-level facility benefits from a prominent arterial location and specialised healthcare zoning.The Hibiscus Coast's population increased 46% in the decade to 2023, with continued development across Red Beach, Silverdale and the Whangaparaoa Peninsula increasing demand for essential community infrastructure. The area also has a significant concentration of older residents, with six major care homes and retirement villages within 1km of the property.Purpose-built healthcare properties are difficult and costly to replicate, with value extending beyond the building to its accessibility, parking, specialised zoning and established role within the community. The substantial landholding also provides long-term capital growth and potential redevelopment appeal. Fully leased to Health New Zealand on a six-year term$453,000 p.a. net income + GST and outgoings Next rent review due 29 June 2028 Final expiry date: 28 June 20311,322 sqm (approximately) purpose-built medical/office building4,322 sqm (more or less) freehold site90 on-site car parksSpecial Purpose - Healthcare Facility and Hospital ZoneStrong demographic growth and increasing healthcare demandSignificant underlying landholding with long-term redevelopment potential Tender closing on 2.00pm Thursday 22nd October 2026 (unless sold prior).Tommy Zhang +64 21 760 889tommy.zhang@bayleys.co.nzBen Clare +64 21 473 251ben.clare@bayleys.co.nz