Listing #:1696605424

Substantial National Tenant on 20 Year Lease!

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Location: 19 Pitt Street, City Centre, Gisborne, Gisborne
Property use: Office
Floor area: 1m2
Land area: 1837m2
Price: To be sold by deadline sale (by 8 Aug)
This exceptional, brand new ‘state of the art’ childcare facility, leased to a substantial national tenant is now being offered to the market by Colliers International.

Commencing operation in July 2018, the centre is tenanted by highly regarded Provincial Education Group who currently operate over 50 centres nationwide and growing. Fundamentals of the lease are very strong featuring a 20 year initial lease term from July 2018, plus 2 further rights of renewal of 10 years each making the total lease term 40 years and a final expiry in 2058.

Further to this, the lease offers annual CPI rental increases, plus market reviews every 5 years and a hard ratchet clause for the duration of the lease.
Located close to the CBD and the beautiful riverfront walkway with sealed on-site parking the central Gisborne location is ideal. If you or your trust are looking for a substantial long term investment, you would be hard pressed to get something better than this.

Deadline Treaty closes 4pm 8th August 2018

Call now for further information, or to arrange an inspection.
Philip Searle 021 338 487
Hayden Houthuijzen 021 890 081
Shoneet Chand 021 400 765

Agency reference #: RX1552754
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Deadline sale
19 Pitt Street, City Centre, Gisborne, Gisborne
Deadline sale
Listed: Thu 12 Jul, 4:26 pm
Philip Searle
Colliers International - Quay Rural and Commercial Ltd
  • Contact details
  •  (021) 338487

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Advertiser's details

Philip Searle
  •  (021) 338487
Hayden Houthuijzen
Colliers International - Quay Rural and Commercial Ltd
(06) 8690092
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Expires: Fri 7 Sep, 8:31 am
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