Freehold Investment Highlights:
- Annual rental income exceeds $325k + GST
- Supported by a CV of $6,600,000 (2021)
- Yearly rent escalation in place
- Passive investment opportunity in a Business-Town Centre Zoning with minimal involvement required
- Secure tenant covenant from an experienced childcare operator with multiple locations, along with another national tenant
- Long-term lease for the childcare facility, with rights of renewal until November 2066
- Childcare sector is predominantly backed by government funding
- Thriving area experiencing substantial growth in housing and population, leading to increased demand for childcare due to housing intensification and development projects
- Changes in the Early Childhood Education (ECE) sector: Network approval is now mandatory for new childcare service establishments starting from February 1st, 2023. The requirements for building new childcare centres are becoming more stringent, with pre-approval necessary, while the demand in the area continues to rise alongside ongoing housing developments.
Situated in a thriving Auckland suburb, this spacious and meticulously designed childcare centre is leased to a highly experienced regional operator with multiple locations. It enjoys full occupancy and benefits from its strategic positioning within a dynamic blend of commercial and residential areas.
Furthermore, a specialised architect has created a comprehensive bulk and location plan, showcasing the exciting potential to expand the property's rental returns. This plan includes the addition of three retail units accompanied by studio apartments. Prospective buyers can engage their own advisors to assess the feasibility and viability of this lucrative opportunity.
Price on Application
Note: Further information will be provided strictly to genuinely interested and prequalified parties only after submission of a Confidentiality Agreement & discussion as required by the vendor, having the financial capacity to complete the transaction.
Contact Munish Verma - 021 113 9768 or email MunishV@abcbusiness.co.nz
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