Introducing an exceptional commercial property investment at acquisition price working out lower than current consent & build costs.
This purpose-built childcare freehold near Mangere Bridge in Auckland offers high-quality construction, located conveniently 15km from the CBD and 8km from Auckland Airport. The upcoming premium outlet shopping complex at Manawa Bay in 2024 and the anticipated growth of Auckland Airport are set to boost the regional economy and employment, enhancing income levels.
The property is leased to an experienced early childhood education (ECE) professional, generating an annual rental income of $275,600 + GST, with expenses managed by the tenant. The lengthy lease extends until September 2059, supported by guarantees and rental escalation clauses.
Spanning 1,734m2 with ample parking and modern amenities, it is strategically situated in an area experiencing growth driven by residential, commercial developments, and an expanding job market.
New regulations from February 2023 require Ministry of Education pre-approval for new childcare services, reducing competition and potentially limiting future childcare centre establishments. With secure lease terms, government funding backing, and positioned in a thriving childcare sector, this property presents a distinctive investment opportunity.
For more information, get in touch with Munish today - 021 113 9768.
Price on Application
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