Listing #:2035581146

First Class Childcare Investment – 15 Year Lease!

Location: 144 Kitchener Road, Pukekohe, Franklin, Auckland
Property use: Office
Floor area: 690-690m2
Land area: 2011m2
Price: To be sold by deadline sale (by 29 May)
This is an outstanding opportunity to acquire an investment property that features strong fundamentals across all key investment criteria; a 15 year Lease, proven tenant covenant, a brand new building constructed to modern building standards, and a location with huge growth potential. These elements make it an ideal long term investment that must be considered.

With over 17 centres across New Zealand, the tenant is very established with a strong track record in the industry. ‘Educare Early Learning Centres’ have a strong community focus and pride themselves on quality childcare centres with a strong emphasis on safety and nature within a family environment.

The property was developed by Signature Homes, who have been in operation since 1983 and are one of New Zealand’s longest serving home building companies. Alongside home building, Signature have developed more than 135 ECE centres throughout the country and were selected from several construction companies to be the Ministry of Education's preferred builder of Early Childhood Centres in New Zealand.
Features:
* Exceptional tenant with 17 centres across New Zealand
* Brand new 15 year lease + 2 further terms of 10 years each
* Returning $283,920 pa + gst + OPEX (tenant pays OPEX)
* Fixed rental growth (2% annually)
* Market Rent reviews every 5 years
* 2,011m² freehold, fee simple title
* Brand new quality building constructed by Signature Homes
* Rapidly growing Auckland Location

Agency reference #: 213099
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Deadline sale
144 Kitchener Road, Pukekohe, Franklin, Auckland
Deadline sale
Listed: Tue 23 Apr, 9:07 am
Shoneet Chand
Colliers International North Shore, (Licensed: REAA 2008)
  • Contact details
  •  (09) 4884787
  •  (021) 400765

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Agent's details

Shoneet Chand
  •  (09) 4884787
  •  (021) 400765
Matthew Barnes
  •  (09) 3568906
  •  (021) 828563
Colliers International North Shore, (Licensed: REAA 2008)
(09) 4884777
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Expires: Thu 27 Jun, 11:06 am
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