Beach town’s medical centre on the market
The land and building housing several healthcare providers in a one-stop medical hub is on the market.
The modern purpose-built property in the seaside settlement of Snells Beach on Auckland’s northern boundary is home to a doctors’ practice, dental surgery, pharmacy and grocery store.
With entry/exit off Dalton Rd, the 779sq m building sits on some 1621sq m of land and has sealed parking for 18 vehicles, with additional staff and customer street parking.
Built in 2019, the single-level, multitenanted freehold property at 347 Mahurangi East Rd is being marketed for sale for $5.1 million plus GST through Bayleys Warkworth.
Salespeople Henry Napier and Chris Blair said that since its inception several years ago, the medical centre had quickly become a cornerstone of the town’s health provision.
“The tenancies function in a symbiotic environment, giving most customers a single point of contact,” said Napier.
Combined, the five tenancies generate annual rental of $277,027 and comprise:
■ Snells Beach Medical Centre occupying 311sq m on a current lease running through to 2029, with four further five-year rights of renewal
■ Snells Beach Superette occupying
149sq m on a current lease running through to 2027, with three further five-year rights of renewal
■ Unichem Pharmacy occupying
130sq m on a current lease running through to 2030, with four further fiveyear rights of renewal
■ Snells Dental occupying 101sq m on a current lease running through to
2026, with three further five-year rights of renewal.
The property’s landlord has underwritten the rent of a currently vacant 88sq m space through to early 2023 at $30,760 a year.
Napier said this space would suit a healthcare or medical tenant such as an audiologist, physiotherapist, podiatrist, osteopath or optometrist.
Blair said nearby Warkworth’s new motorway link would amplify the appeal of both commercial and residential property in the locality.
The Matakana Link Road is a 1.35km link between SH1 and Matakana Rd.
It will provide an alternative route to the frequently congested Hill St intersection for traffic heading to and from Leigh, Omaha, Sandspit and Snells Beach.
“Snells Beach is a veritable hotbed of activity right now with a real appetite for investment across all the property sectors,” he said.