• Returning $326,600pa + OPEX + GST from a Montessori-inspired childcare centre occupying the entire upper level
• Purpose-built facility within a modern, high-profile commercial development on a main arterial route
• A strategic and solid tenanted investment in a high-growth East Auckland location, close to multiple amenities
• Solid lease terms, including a significant cash bond with a market rental review due in September 2025
This outstanding investment opportunity features a well-structured 12-year lease term from September 2019, with built-in CPI- and market-based growth, solid lease covenants including a transferable cash bond, and rights of renewal, offering astute investors a rare opportunity to secure a commercial property with a large range of positive investment attributes.
Situated within a modern, purpose-built upper-level facility in this quality East Auckland development on the intersection of two arterial routes and in proximity to a range of high-profile businesses and multiple residential, commercial, and retail precincts, including Sylvia Park and the Harvey Norman Centre, the location also offers various transport options, including the nearby Panmure Train Station.
The location is close to a number of multi-faceted developments, including Simplicity Living's “ Te Reiputa” quality resident development.
The tenancy is underpinned by a well-structured lease to a Montessori-inspired childcare operator with a license for 100 children, with a secure entrance and occupies 1,088sqm approximately. of floor area, featuring an excellent mix of purpose-built indoor and outdoor areas, all presented in immaculate condition.
Offered for sale by Deadline Private Treaty (unless sold prior), closing at 4 pm on 15th April 2025, this freehold property presents an investment opportunity not to be missed.
Please contact the sole agents directly for further information. All viewings are strictly by appointment.
