New Building with 12 Year Lease!

3 School Road, Tuakau, Waikato

Investment For Sale

Negotiation
Land Area: 995.00 m2.    Floor Area: 350.00 m2.    

Description

This is an outstanding opportunity to acquire a quality, passive freehold investment property in the outskirts of Auckland. The opportunity features strong fundamentals including; a 12 year Lease plus further rights of renewal, brand new building constructed to modern building standards and a prime corner site position. These elements make it an ideal long term investment. 

The tenant Dandy & Lion Educare is a centre that exists to create a home environment with high quality care and innovative education. The centre is perfectly positioned across from the Tuakau school and is already performing well, only a few months into their long term lease.

The property was developed by Nicholls Group, assisted by Establish ECE, who are New Zealand's leading specialists in Childcare site development.

This investment is in an affordable price range and must be considered. Contact either of the Sole Agents today for further information or to register your interest.

Shoneet Chand 021 400 765 | Matthew Barnes 021 828 563

 

Features

  • Brand new 12 year lease + 2 further terms of 6 years each
  • Returning $143,000 pa + GST + OPEX (tenant pays OPEX)
  • Fixed rental growth
  • Market Rent reviews every 4 years
  • Hard Ratchet Clause
  • 995m² freehold, fee simple title – Corner Site
  • Licensed for 53 Children
  • Protected by a Stamford Insurance building warranty
  • Brand new quality building constructed by Nicholls Group
  • Sole Agency

Map

Open in a new window

Contact the broker

Share This Property
For further details, contact:
Close

Saved Properties

Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.
Close