First Class Childcare Investment - Long Term Lease

45 Pegasus Main Street & 16 Tahuna Street, Christchurch

Investment For Sale

For Sale
Land Area: 1,759.00 m2.    Floor Area: 363.00 m2.    

Car Spaces: 17   

Description

LONG TERM LEASE TO LISTED CHILDCARE TENANT - This is an opportunity to secure a newly constructed childcare investment with a 15 year lease (circa 9 years remaining) to listed national childcare brand Evolve Education Group trading as Lollipops Pegasus.

In the current commercial property environment, properties with quality fundamentals such as this one are hard to come by. The property is a 2012 purpose built childcare facility, situated on a fee simple 1,759m² certificate of title. The investment comprises a long lease term with over 9 years remaining to an established childcare operator, with annual CPI growth. Located in a developing area of Pegasus, North Canterbury, the number of children enrolled in the centre is strong with a current license for 65 children the centre continues to be popular with locals.

The property is for sale at $2,428,346 a yield of 6% net!

Key features are listed below; don't miss this opportunity, call the sole agents now to discuss further!

Features

  • 15 year lease term - commencement 4 Feb 2013
  • ROR - 3 x 5 years each
  • Annual net income - $145,700.80 + GST + OPEX
  • Licensed for 65 Children
  • Annual growth to CPI
  • Great on site car parks
  • Land area - 1,759m²

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