Listed: Wed, 30 Oct

Purpose built childcare opportunity

3 - 7 Patten Street, Avonside, Christchurch City, Canterbury

Price by negotiation

556m² Floor
2125m² Land

Attribute	Value
Property use	Office
Agency reference	NZL67031492

This opportunity will appeal to any childcare business owner or astute add value investors, looking for a quality opportunity to secure a premise for a childcare business or acquire a strategic add value investment. This well-located purpose built childcare centre was previously leased to childcare business Evolve Education Group returning approximately $300k pa + GST + OPEX before they vacated in September of this year. The centre was originally constructed and consented for a 99 Licensed centre, however had been trading at a licence of 92, and its current license has 80 driven by the recent tenant. The property is in a very tidy modern condition, providing low maintenance care making it leasable to future tenants. It has a great established customer base due to its extensive surrounding residential catchment, and proximity to the CBD further adds to its appeal. We are marketing the property for sale or for lease, therefore this asset provides multiple opportunities, firstly, for an existing childcare operator with the ability to come in and set up as the last tenant left off, alternatively a start up business wanting to secure their first centre. Finally, it also could work a add value investor to purchase, find a tenant and secure a sound long term investment

It also has the benefit of a strong underlying land value component given its good location in proximity to the Christchurch CDB.

Don’t miss the opportunity to secure an exceptional investment. For sale or lease by negotiation. *Boundary lines are indicative only.

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