Eager to meet market demands, the motivated vendor has reduced the price of this freehold property , presenting a prime opportunity for astute investors!
Enjoy the security of a multi-centre childcare operator with a solid track record as a long-term lease tenant. A lucrative 7.8% ROI, coupled with CPI rent reviews and market rental reviews in place for the long-term lease, make this an investment with the potential for future rental growth and robust capital gains.
Strategically positioned in family-friendly Lower Hutt, the property spans a generous freehold 1316m2 (more or less) site. Close to primary/secondary schools, shopping, and the Taita Railway Station, it offers convenient public transport links to Lower Hutt CBD, Wellington/Upper Hutt, and the Wairarapa.
Licensed for 52 places, the centre operates from a purpose-modified, refurbished 1950's property, creating a warm and inviting learning environment with ample outdoor play space for children.
With Lower Hutt's population surging by 8% since 2018 and an anticipated 25% growth over the next 30 years, the centre's long-term profitability is favourable. For an investor seeking a solid hands-off childcare investment this opportunity represents an outstanding addition to any portfolio.
The annual rent is currently $113,878.85 + GST.
Price $1,450,000 + GST if Any
To discuss this investment opportunity further, call Linda Harley on 022 354 9189 today.
For further information regarding this sale, please complete our online confidentiality agreement. Copy and paste this link into your browser:www.ds4u.cc/abc?ref=33822