Endoscopy Auckland22 - 24 Kipling Avenue, Epsom (24 Kipling Avenue's settlement subject to OIO approval)
Endoscopy Auckland was acquired in a sale and leaseback transaction between operator Evolution and Vital in mid 2022. The acquisition also included a development approval to construct a standalone dedicated dedicated endoscopy suite with 4 procedure rooms, 15 car parks, reception/waiting areas. Resource consent has been obtained for the development and Vital have committed $21m to the development. The development is expected to be completed in late 2024.
Development SummaryAs at 30 September 2023 Endoscopy Auckland 22 - 24 Kipling Avenue, Epsom (24 Kipling Avenue's settlement subject to OIO approval)
$22.6m Development Cost
Late-2024 Forecast Completion Date
|Spend to Date||$7.6m|
|Cost to Complete||$15m|
|Forecast Income Return||5.09%|