An exceptional passive investment opportunity is available with a reputable operator in the market.
This Business Town Centre property, nestled in a sought-after East Auckland lifestyle suburb, is occupied by a multi-site tenant boasting a remarkable track record across their 15 centres in New Zealand.
Key Highlights:
- Current rental income: $289k + GST per annum
- Property CV of June 2021 is $4.150M
- Hands-off passive investment with reliable tenant covenant - an experienced childcare multi-site operator with a strong track record
- Long-term lease in place with rights of renewal, ensuring stability and continuity
- Government funding support for the childcare sector provides added assurance
- Conveniently situated in a well-connected commercial precinct with ample car parking facilities
- High growth area experiencing an increase in dwellings and population due to ongoing housing intensification and developments as outlined in the Auckland Plan 2050. This further boosts the demand for childcare services.
- Network Management regulations implemented from 1st February 2023 necessitate prior approval from the Ministry of Education for establishing new childcare centres. These stricter requirements raise the barriers to entry, limiting future competition. However, demand for childcare continues to rise with new housing developments underway, making this investment opportunity even more attractive.
Price $4,750,000
Note: Further information will be provided strictly to genuinely interested and prequalified parties after submission of a Confidentiality Agreement & discussion, having the financial capacity to complete the transaction.
Contact Munish Verma - 021 113 9768, MunishV@abcbusiness.co.nz.
If you would like to receive any further information regarding this sale, please complete our online confidentiality agreement. Copy and paste this link into your browser:www.
ds4u.cc/abc?ref=33912
