Positioned on a high-profile 3,143sqm freehold corner site in Auckland's tightly held East Coast Bays, 170-174 Carlisle Road presents a fantastic opportunity to secure a land-banking, income-generating investment in one of the North Shore's most desirable catchments.
Returning $509,600 p.a. + GST & outgoings, the property is underpinned by a new 15-year lease from February 2026 and 6 months rental bank guarantee, with built-in 2% annual increases and five-yearly market reviews, delivering both immediate income certainty and structured rental growth.
At the core of the asset is Magic Garden—a flagship early childhood centre with over 25 years of proven
performance. Licensed for 150 children, the centre enjoys:
• Consistently high occupancy with a long waiting list
• Outstanding ERO ratings and exceptional community reputation
• Recognition as a reference site for international study tours (Reggio Emilia philosophy)
• A highly qualified, stable team ensuring operational excellence
With no comparable competition in the immediate area, this is a true market-leading operation, reinforcing the strength of the tenancy and long-term demand fundamentals.
Beyond the secure income, the underlying real estate is where this investment truly differentiates. Zoned Residential - Mixed Housing Urban, the substantial landholding offers future intensification potential, whether for terrace housing, low-rise apartments, or strategic redevelopment (subject to council approvals).
Located in Northcross, just minutes from Albany, the property benefits from:
• Affluent family demographics and top schooling zones
• Ongoing residential growth and infrastructure expansion
• Strong, sustained demand for Early Childhood Education.
Price by Negotiation
Please contact Munish Verma, Childcare Sales Specialist at ABC Business Sales for further information;
E: MunishV@abcbusiness.co.nz
Mobile: 021 113 9768
For further information regarding this sale, please use the "Contact Us" form or complete our online confidentiality agreement. Copy and paste this link into your browser:
ds4u.cc/abc?ref=36384
