Long Term Childcare Investment Opportunity

For Sale - $1,690,000 Plus GST if any
2395 State Highway 16Helensville, Auckland
Listing ID: NSC33954
Description

Whether you’re looking for a childcare investment or otherwise, don’t miss this opportunity.

Established in 2012, the childcare centre is situated on a 3,140 m² (more or less) freehold corner site with an initial 10-year term as of July 2018 + two further terms of 7 years each and guaranteed annual rent increases are built into the lease, this property has all the key attributes of a great long term investment.

The level, large site features a 1900’s villa and other buildings that have been renovated and designed specifically for a childcare centre. Currently licensed for 52 children, the property has rental income of $101,549 + GST + outgoings.

This picturesque rural location is only 40 minutes north of Auckland’s CBD.

FEATURES:
– 10 + 7 + 7 year lease (commenced July 2018)
– Annual income $101,549 + GST + outgoings
– Guaranteed annual rental growth (greater of CPI or 1.5%)
– Total land area: 3,140 m² (more or less)
– Total floor area: 275 m² (approx.)
– Centre established in 2012
– Positioned on high profile corner

Call the vendors sole agents today to discuss any questions you have or to arrange a viewing.

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Property Features
  • Other
  • Land is 3,140 sqm
275m2
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Listing provided by

Isaac Tankard

NAI Harcourts North Shore