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Premier childcare investment opportunity in Greenhithe

NZ_AucklandCBD_Communications_Premier childcare investment opportunity in Greenhithe

A new purpose-built childcare facility in the fast-growing suburb of Greenhithe with a long-term lease to an experienced industry operator presents prospective purchasers with an exceptional bottom drawer investment opportunity.

45 Greenhithe Road in Greenhithe is a 624sq m building on a 997sq m freehold site that includes a meticulously landscaped 331sq m outdoor area and 11 dedicated car parks.

This perfectly positioned property is located directly across from the Wainoni Park Pony Club, while State Highway 18 is only 500m away with on and off-ramps linking to West Auckland and the rest of the North Shore.

Tenants Neemo Childcare, who also operate successful childcare centres in Hillcrest and Rolleston, will begin a 15-year lease on 20 October with two further rights of renewal for 10 years each with a final expiry in October 2056.

Colliers Directors Shoneet Chand and Matt Prentice have been exclusively appointed to market the property for sale by auction to be held at Colliers North Shore, Level 1, 129 Hurstmere Road, Takapuna, Auckland at 11am on Wednesday 27 October, unless sold prior.

Neemo stands for Nurturing Early Education Moppets Oranga. Their dedicated childcare centres are friendly, warm, and bright places and they strive to provide an environment filled with laughter and fun for children aged 0-5 years.

The centre philosophy is based on Te Whāriki, the early childhood curriculum, and influenced by the Reggio Emilia approach to early learning. Their philosophy is based on five core values, and children are at the core of these values. These values are confident learners, the third teacher, reciprocal learning, togetherness, and inclusion.

Their learning spaces are well thought out and designed to accommodate every child’s individual needs and this property in Greenhithe is licensed to accommodate 64 children. Neemo’s 117sq m group head office is also included in the building.

The net annual rental income for the building is $206,336 plus GST and operating expenses. Annual rent reviews are in place and will be the greater of either 2 per cent or CPI, except on market review dates. Market reviews are scheduled for every five years and are capped at 5 per cent.

Chand, Director of Investment Sales at Colliers, says the building has been expertly constructed and includes a state-of-the-art fit out with an exceptional outdoor area designed for children.

“This is a brilliant new building with outstanding design features and represents a premium bottom drawer investment opportunity given the tenant is an experienced industry operator that runs multiple childcare centres,” Chand says.

“The early childhood education sector in New Zealand benefits from substantial government support and is proving to be a highly sought-after investment class where we have seen continued interest from a wide range of buyers.”

Greenhithe is one of the North Shore’s fastest developing suburbs with consistent population growth during the past decade.

Prentice, Director of Sales and Leasing at Colliers, says the growth of the catchment area means there will be continued demand for childcare facilities.

“The property is in a tightly held location and is only 120m away from Greenhithe School. There’s also a range of other local shops and amenities nearby,” Prentice says.

“During off-peak traffic Takapuna is only 15 minutes away, while Auckland’s CBD can be reached in 20 minutes.

“We encourage all prospective buyers to do their due diligence and contact us immediately as there will be significant interest in such a premier investment opportunity that will provide the new owner with a steady rental stream.”

Related Experts

Shoneet Chand


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
View expert

Matt Prentice


Auckland North

Matt joined Colliers International in 2006 with a focus on mid to upper end industrial & investment transactions.  Specialising in tenanted investments, occupier representation through to vacant land / building sales on the North Shore, Matt was promoted to a North Shore Director in 2015.

In 2011 and 2012 Matt was awarded the "Golden Gavel" for Colliers New Zealand as the most successful auction sales broker across Colliers New Zealand. Matt has been the number one North Shore sales and leasing broker, 2011, 2012 and 2013.  In 2012, was a top 20 performer across Colliers New Zealand and has over $550 million of sales since joining colliers International.

In 2013, Matt was in the top 10 Highest Performing Brokers Nationwide and in 2014, he had a record year completing more than 50 transactions, and  finished in the top 10% of brokers in New Zealand.

In 2015, Matt completed over 60 transactions, more than any broker North of the Bridge, again finishing in the Top 20 brokers in New Zealand.

In 2016, Matt had a record year finishing top 10 in the country and was the top broker on the North Shore. 

View expert