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Multi-tenanted Helensville investment anchored by leading childcare provider

Multitenanted Helensville investment anchored by leading childcare provider

A multi-tenanted commercial property anchored by a leading childcare provider has been placed on the market for sale in the heart of Helensville’s town centre.

A single-storey building on the 2,167-square metre freehold site for sale at 14-16 Commercial Road, Helensville, is occupied on a long lease by an early childhood centre run by the NZX and ASX-listed Evolve Education Group. A second building is leased to an established dental practice and a government-backed charitable trust. The three tenancies generate net annual rental income of $271,438 plus outgoings and GST.

The Evolve Education Group operates more than 110 early learning centres throughout New Zealand through brands such as Lollipops, Learning Adventures, Pascals, Little Wonders, Little Earth Montessori and Little Lights. It was voted the country’s most trusted kindergarten centre operator in the 2019 Reader’s Digest Trusted Brands awards. The dual listed childcare operator also operates 20 childcare centres in Australia.

The Helensville property is home to a modern, purpose-built centre operating under the Active Explorers brand. Opened in 2019, it features three separate rooms for children of different ages, including a nursery space for under-twos. The building opens to a substantial, fenced outdoor play area.

The Evolve group pays net rent of $212,160 plus outgoings and GST per annum for its lease of the premises, which can cater for up to 75 infants, toddlers and pre-schoolers. The current lease runs through to 2031, with two further six-year rights of renewal, and incorporates annual CPI rental increases from March 2022 which are replaced by market reviews every six years.

Colliers has been exclusively appointed to market 14-16 Commercial Road, Helensville, for sale by deadline private treaty closing at 4pm on Tuesday 30 March, unless it is sold prior.

Shoneet Chand, Investment Sales Director at Colliers, says the property encompasses two similar sized single-level commercial buildings with a combined floor area of 847 square metres on a single freehold title. The site has ample car parking for staff and clients.

The northern portion of the second building is occupied by Helensville Dental Centre, which pays net annual rent of $21,648.64 plus outgoings and GST on a lease extending to 2022, with three further three-year rights of renewal.

“This dental practice has become an integral part of the local community since its establishment nearly 40 years ago. It offers a wide range of general and cosmetic dentistry and its tenant credentials are underpinned by its nature as an essential medical business with work including WINZ quotes and emergency ACC treatments,” says Mr Chand.

The remaining office space is leased to the Ngā Maunga Whakahii o Kaipara Development Trust, which provides development support to local whānau and communities. This government-backed tenant pays rent of $37,629.58 plus outgoings and GST per annum on a lease running to March 2021 with two further five-year rights of renewal.

 

Josh Coburn, Site Sales Director at Colliers, says the property and its three commercial tenants benefit from wide main-street frontage to Commercial Road and the site’s Business – Town Centre zoning under Auckland’s unitary plan.

“This zoning aims to support the town centre’s role as a focus for commercial activities and growth. It is designed to encourage a rich mix of activities including commercial, community and civic services and residential,” says Mr Coburn.

“The Commercial Road property’s anchor tenant in particular stands to benefit from the changing demographics of this area, which lies 40 kilometres northwest of Auckland.

“With a population of around 3,000 – rising to 4,500 including surrounding rural areas – this former forestry and dairy stronghold is increasingly becoming a dormitory suburb of Auckland with a growing number of lifestyle blocks.

“The highly accessible nature of the site for sale on the main through-route to Auckland, along with the childcare centre’s extended operating hours, underpin the convenience and demand for the centre among parents commuting to the city.

“This desirable location, combined with diverse income streams from essential childcare, medical and government-backed tenants, will make the Commercial Road property of interest to buyers seeking a quality investment-grade asset.”

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Shoneet Chand

Director

Auckland North

Shoneet has been involved in selling investment property for over 13 years and since 2015 he has been a Director in the Investment Sales Team at Colliers International, specialising in Investment & Development Sales across the wider Auckland region.

Over the past 8 years he has been one of the most successful investment sales brokers in Auckland with a track record of significant sales second to none. He has had considerable experience in dealing with international purchasers and has recently completed several deals with investors out of Asia, Europe and the Middle East. He has been involved in a number of large land sales and portfolio sales, including divestments for well-known brands like Z Energy, The Warehouse & Bunnings.

Shoneet has been the top broker in his market for both 2014 and 2015 while also placing in the top 10 brokers nationwide again for Colliers in 2016. In 2017, Shoneet transacted over $260 million of property and was ranked 2nd in New Zealand.

He was the top broker at Colliers in the 2018 financial year and a finalist for the Commercial & Industrial Salesperson of the Year award, which is judged nationwide across all agencies. In both 2019 & 2020 he was again ranked in the top 5 brokers nationwide for Colliers and was involved in over $300 million & $325 million of sales in each calendar year. 

Over the past six years, he has transacted over $1.5 Billion dollars in sales.

Notable Transactions over $10m include;

  • 2-4 Fred Thomas Drive, Takapuna -   $60,850,000
  • 33 Corinthian Drive, Albany  -   $50,500,000
  • 229 Dairy Flat Highway, Albany -   $33,000,000
  • Todd Industrial Park – Wellington -   $33,000,000
  • 9-11 Corinthian Dr, Albany -  $27,340,000
  • 44 Taharoto Road, Takapuna -   $27,270,000
  • 279-301 Lincoln Rd, Henderson -   $27,000,000
  • 11 Coliseum Drive, Albany -  $26,700,000
  • The Warehouse, Albany -   $26,400,000
  • LEP Childcare Portfolio-   $20,775,000
  • Farro Fresh/ASB Constellation Dr -   $25,500,000
  • Kmart Te Rapa  - $23,750,000
  • 1-11 Parkway Drive -   $21,000,000
  • Noel Leeming, Wairau Park -   $19,000,000
  • 5 The Warehouse Way, Northcote -  $19,000,000
  • Rapid Labels – William Pickering Dr -  $17,300,000
  • 16 Dinning Road, Riverhead -  $16,500,000
  • 35-45 The Strand, Parnell -   $16,100,000
  • 44 Arrenway Drive, Albany -   $15,300,000
  • 151 Lincoln Road, Henderson -    $15,250,000
  • 51 Corinthian Drive, Albany -  $15,150,000
  • 7-21 Kawana Street, Northcote -  $14,998,100
  • 124 Bush Road, North Harbour -   $14,950,000
  • 550 Te Irirangi Drive, Botany -   $14,200,000
  • PlaceMakers, Albany -    $14,000,000
  • 24 Oteha Valley Rd Extn, Albany -    $13,300,000
  • 217-227 Archers Rd, Wairau Valley -   $13,250,000
  • 44 Arrenway Drive, Mairangi Bay -  $13,117,116
  • 6 Canaveral Drive, Mairangi Bay -   $13,000,000
  • 119-121 Onewa Road -   $12,750,000
  • 3 Monahan Road, Mt Wellington -  $12,680,000
  • 155 Wairau Road, Wairau Valley -   $11,500,000
  • 13 William Pickering Drive, Albany -  $11,400,000
  • 14-18 Lovell Court, Albany -  $10,500,000
  • WCDL Development on Onewa Rd -  $10,250,000
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Josh Coburn

Director | Site Sales

Auckland West

Tenacious, personable and driven, Josh Coburn draws on 16 years' experience in New Zealand's property sector in his role as Director of Site Sales at Colliers International. His key focus and passion are delivering quality development opportunities to the market and acting as a partner in the development process to see projects come to fruition.

Futhermore, Josh is the General Manager of Collier's West Auckland Business, overseeing 5 brokers in a rapidly emerging Metropolitan market.

Josh re-joined Colliers International in 2015 after four years working as the Development Manager for Haydn & Rollett Construction - a role in which he focused on development of commercial and industrial properties joint ventures, and commercial-scale residential opportunities.

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