NAI Harcourts is excited to bring to the market, for the first time in 22 years, a well-established childcare property located at 55 Browns Bay Road.

This is an excellent opportunity for a childcare investor! 55 Browns Bay Road is a tenanted investment occupied by an established Preschool and Childcare Centre since 2000 and licensed for 39 children.

The property comprises a 1,012 m² (more or less) site held in two separate titles zoned Residential - Mixed Housing Urban Zone. It consists of two 1990s units with a total floor area of 170 m² (approx). Unit 1 at the rear is configured for infants and children under 2's, while Unit 2 at the front is configured for children over 2 years old.

Returning $85,257.88 p.a. + GST + outgoings, the tenant has carried out extensive improvements to the properties over the years.

Key Features:
- Childcare Investment with future redevelopment potential (subject to Council Consent)
- Returning $85,257.88 p.a. + GST + Outgoings over Two Titles
- Current Term to 2 October 2025 with Rights of Renewals
- Leased to Established Preschool / Childcare Centre
- Close Proximity to Browns Bay Town Centre
- Five Car Parks with Ample Street Parking

The property is for sale by Deadline Private Treaty, 4pm 31st March 2022 (unless sold prior).

For more information and an appointment to view this property, please contact the sole agent at NAI Harcourts Cooper & Co today.

To download further information please copy and paste this link into your browser: http://www.propertyfiles.co.nz/property/NSC37767

NOTE: all outlines in images are indicative only