East Auckland / Auckland

East Auckland - $4,700,000

Web Ref #34727
Share

Particulars

Address:
East Auckland
Price:
$4,700,000
Listing ID:
34727
Category:
Commercial Land
Land Area:
2194 m²

Freehold Investment - Affluent Suburb

A prime passive investment awaits with a respected market operator. This property in a vibrant East Auckland hub is occupied by a proven multi-site tenant with a stellar record.

Key Points:

- Annual rent: $295k + GST
- Strong tenant covenant- experienced childcare operator.
- Long-term lease with renewals, totalling 30+ years.
- Government backing for the childcare sector adds assurance.
- Located in a well-connected commercial hub.
- High growth amid housing development, increasing demand for childcare.
- Network Management regulations since Feb 2023 raise entry barriers, a pre-approval requirement to establish new centres makes this investment more compelling amid rising childcare demand from ongoing housing intensification.

Price $4,700,000

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=34727
Click here to complete a Confidentiality Agreement

Particulars

Address:
East Auckland
Price:
$4,700,000
Listing ID:
34727
Category:
Commercial Land
Land Area:
2194 m²
Divisions