Whether you're looking for a childcare investment or otherwise, don't miss this opportunity.
Established in 2012, the childcare centre is situated on a 3,140 m² (more or less) freehold corner site with an initial 10-year term as of July 2018 + two further terms of 7 years each and guaranteed annual rent increases are built into the lease, this property has all the key attributes of a great long term investment.
The level, large site features a 1900's villa and other buildings that have been renovated and designed specifically for a childcare centre. Currently licensed for 52 children, the property has rental income of $101,549 + GST + outgoings.
This picturesque rural location is only 40 minutes north of Auckland's CBD.
- 10 + 7 + 7 year lease (commenced July 2018)
- Annual income $101,549 + GST + outgoings
- Guaranteed annual rental growth (greater of CPI or 1.5%)
- Total land area: 3,140 m² (more or less)
- Total floor area: 275 m² (approx.)
- Centre established in 2012
- Positioned on high profile corner
Call the vendors sole agents today to discuss any questions you have or to arrange a viewing.