Listing #:1663851541

Long Lease Term - Listed Childcare Tenant

Location: 306 Beach Road, Kaiapoi, Waimakarir­i, Canterbury
Property use: Office
Floor area: 404-404m2
Land area: 1799m2
Price: To be sold by deadline sale (by 12 Jul)
LONG TERM LEASE TO LISTED CHILDCARE TENANT - This is an opportunity to secure a newly constructed childcare investment with a 10 year lease to listed national childcare brand Evolve Education Group.

In the current commercial property environment, properties with quality fundamentals such as this one are hard to come by. The property is a 2017 purpose built childcare facility, situated on a fee simple 1,799m² certificate of title. The investment will comprise a new 10 year lease to an established childcare operator, with annual CPI growth. Located in a developing area of Kaiapoi, North Canterbury, the number of children enrolled in the centre is already growing strongly and is only expected to gather further momentum. 

The property is to be sold by Deadline Private Treaty with all offers to be presented to by Thursday 12 July by 4pm.

Key Features are listed below; don't miss this opportunity, call the sole agents now to discuss further!
Features:
* 10 year lease to Evolve Group 5 Limited
* ROR - 3 x 5 years
* Significant land area - 1,799m²
* Annual Net Income - $159,120 + GST + OPEX
* Licensed for 68 Children
* Annual growth to CPI
* Great on site car parks

Agency reference #: 200708
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Deadline sale
Listed: Tue 12 Jun, 5:14 pm
Will Franks
Colliers International Christchurch, (Licensed: REAA 2008)
  • Contact details
  •  (027) 2500130

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Agent's details

Will Franks
  •  (027) 2500130
Shoneet Chand
  •  (09) 4884787
  •  (021) 400765
Colliers International Christchurch, (Licensed: REAA 2008)
(03) 3657887
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Expires: Wed 9 Jan, 8:29 am
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