Established Tenant - Long Lease - Queenstown

12 Onslow Road, Queenstown

Investment For Sale

Auction to be held at Colliers International, Top Floor, 10 Athol St, Queenstown, 11am Wednesday, 24 Apr 2019 (Unless sold prior)

Description

A purpose built modern Early Learning Centre, fully leased to an established operator on a long term 12 year lease, located in the commercial precinct of Lake Hayes Estate, an established residential suburb of Queenstown.

The 366m² building sits on a well appointed and landscaped 2,178m² site, offering a central location with easy site access. The property is situated opposite the main commercial area of Lake Hayes Estate and has good onsite parking essential for the existing Early Childhood Centre use.

The centre is now well established since it was built in 2012, and complements the surrounding residential neighbourhood and amenities. 

This is an exceptional passive investment opportunity in Queenstown’s tightly held commercial market.

Features

  • Fully leased on a 12 year lease term
  • A combination of fixed growth (every 2 years) and market rent reviews throughout the lease
  • Current Annual Rental of $168,000 p.a. + GST and Outgoings
  • Established operators who also operate the nearby Shotover Country Centre
  • Freehold title
  • Land area of 2,178m² with good parking and access
  • Strategic location in the heart of Lake Hayes Estate

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