Own a piece of history, with the St Pauls Church having been lovingly moved and restored to its current Te Kowhai Village address, and now leased for 12 years (plus ror’s) to the very experienced Social Group.  The 6000sqm site and stunning ex-Church building plays host as the hub of this growing community, only minutes from Te Rapa and the expressway. The neighbouring sold out residential development features a walkway linking the subject property to the community, as well as pedestrian access through to the (under construction) retail centre next door. 

For Sale by Deadline Private Treaty closing 3pm Wednesday 23rd June 2021 (unless sold prior). 

Features:

• Twelve (12) year lease from 2021
• $130,000pa net income
• Final Lease expiry 2053
• 67%+ NBS rating
• 6000sqm freehold fee simple title
• Experienced operators as tenants

More information: https://www.colliers.co.nz/p-NZL67014365