This is an outstanding opportunity to acquire an investment property that features strong fundamentals across all key investment criteria; a 15 year lease, fixed rental growth, proven tenant covenant, brand new building in a high growth Auckland location.
Returning $308,880 pa net, the lease offers fixed rental growth of 2% annually with market reviews every 5 years throughout the lease term with a 10% cap. The centre was consented by market leaders 'Establish' and constructed by Signature homes who have developed over 135 centres nationally since 2002 and have an excellent reputation in the industry.
The tenant is ‘Kiddie Academy Limited’ and is run by a very experienced operator who currently has over 5 licenses with over 700 children and growing.
These elements make it an ideal long term investment that must be seriously considered.
Call the Sole Agents now for further information.
Ref #: 216180
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