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  • Sold
Leased to National Tenant - Asking Price $2.1m - #1
Leased to National Tenant - Asking Price $2.1m - #2
Leased to National Tenant - Asking Price $2.1m - #3
Leased to National Tenant - Asking Price $2.1m - #4
Leased to National Tenant - Asking Price $2.1m - #5
Leased to National Tenant - Asking Price $2.1m - #6
Leased to National Tenant - Asking Price $2.1m - #7
Leased to National Tenant - Asking Price $2.1m - #8
Leased to National Tenant - Asking Price $2.1m - #9
Leased to National Tenant - Asking Price $2.1m - #10
Leased to National Tenant - Asking Price $2.1m - #11

Colliers has been exclusively appointed to market 66 Everglade Drive, Manukau for sale with an Asking Price of $2,100,000 + gst.

The investment property is a purpose-built childcare centre licensed to accommodate 50 children in the residential catchment of Goodwood Heights, Manukau. The property is tenanted by BestStart Educare Limited - the largest operator in the market with over 270 centres nationwide. 

66 Everglade Drive is a well located childcare property adjacent to Everglade School with a fantastic road frontage. The long standing childcare has been operating in this location for over 20 years and well established in the local community.

The property produces $135,949 pa + gst in net income with three years lease remaining on the current term plus a further 2 x 6 years of ROR’s. Investors get expect rental upside with market reviews every 2 years.

The freehold site is 1,080 sqm with Residential - Mixed Housing Suburban Zone. 

Call the Sole Agents for further information or to arrange a viewing.  Ronal Prasad 021 232 1192, Shoneet Chand 021 400 765, and Matt Prentice 021 464 904.

  • 09/02/2024
  • Contact our experts for details on this transaction