This property offers plenty of upside for an investor. With a national tenant, you can take comfort from the knowledge that this is a well established, experienced tenant with a national presence.
The current Ministry of Education Licence is for 50 child places but the property has a Resource Consent for 60 places. This offers future rental growth should the tenant and/or landlord wish to expand the licence (subject to building work being carried out for the extension).
With an annual rental of $97,500 + GST, long lease terms in place and a 100% NBS rating, this is a great opportunity for a bottom draw investment.
Contact Linda Harley - 022 354 9189 for further information.
Price $1,545,000 +GST if Any (6.3% ROI)
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