Do not miss out on the opportunity to secure this unique, premium grade childcare investment that we are exclusively marketing in a high growth Auckland location.
Consented for 120 children, the investment is underpinned by highly experienced tenant covenant ‘Kid Country’, on a new 15 year initial lease term with two further ROR’s of 10 years each and a final expiry in 2055.
Returning $355,680 pa net, the lease offers annual rental growth at CPI, with market reviews throughout and a hard ratchet clause for long term security.
The 818m² ‘A’ grade purpose built facility with 37 car parks is one of the most generously sized centres in Auckland and was designed by CASA (Collingridge and Smith Architects) and built by Cassidy Construction who are both well respected in the industry.
Another incredibly unique feature is the large 8,000m² corner freehold title in a very strategic, high growth location with excellent State Highway 16 exposure to over 30,000 cars daily.
This really is one of the most impressive childcare offerings in Auckland – call either of the sole agents now to register your interest.
Ref #: 20502141
- Contact our experts for details on this transaction.