1V & 1W/128 Saint Georges Bay Road, Parnell, Auckland

Fully leased to Tend Health Limited, returning $341,250 net per annum750m² character property in a premium location3% fixed annual rental increases with ratchet protection16 on-site car parks and a favourable seismic rating An outstanding opportunity to secure a prime, healthcare-anchored commercial asset in one of Auckland’s most tightly held city fringe precincts. Comprising approximately 750m² of ground floor character space refurbished to a high-quality standard, the property commands an accessible, customer-facing position minutes from the CBD, Newmarket, and key motorway arterials.The asset offers exceptional income security and long-term capital preservation, underpinned by an institutional-grade net lease structure to Tend Health Limited with 100% of OPEX recoverable. Investors benefit from locked-in 3.0% fixed annual compounding growth alongside upward-only market reviews. The incorporated hard ratchet mechanism ensures rental returns can never decrease, effectively hedging against inflation while shielding cash flows against broader market volatility.Tend is an established, high-growth primary healthcare provider delivering a resilient, recession-resistant tenant covenant. Supported by 16 on-site car parks, Business – Mixed Use zoning, and a favourable seismic profile, this is a turnkey, bottom-drawer passive investment designed for investors seeking predictable yield and robust downside protection.Make contact today for further details and to arrange an inspection!