Perfectly positioned adjacent to Southern Park Reserve in Papakura, is ‘Natures Point Childcare’ which is a new, quality childcare facility with strong investment fundamentals.
With an annual net return of $169,000 + GST to an experienced tenant covenant, the lease also features strong annual rental growth at CPI + 2% and market reviews on renewal dates.
The new lease commenced in November 2019 featuring an 8-year initial term, plus three further terms of 5 years each and a final lease expiry in November 2042. The operator is proven with industry experience and the lease is further supported by guarantees.
The quality, 331sqm purpose-built facility on a 1,080sqm freehold, Mixed Housing Suburban Zoned title, is positioned near two primary schools and Rosehill College underpinning the quality of this investment.
For further detail on ‘Natures Point Childcare’ please visit their website at www.naturespoint.co.nz
If you would like to register your interest or arrange an inspection, please contact either of the Sole Agents today.
Ref #: 218411
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