Quality, low-risk investment in strong growth area of North Canterbury
A newly built childcare facility in the eastern Kaiapoi suburb of Beach Grove is being marketed for sale as a quality, low-risk investment in the strong growth area of North Canterbury.
Colliers International has been exclusively appointed to market the 1,799sq m property at 306 Beach Road, Kaiapoi, for sale by deadline private treaty.
Offers close at 4pm on 12 July, unless sold prior.
This well-located property, a short walk from Kaiapoi’s town centre, comprises a purpose-built childcare facility constructed in late 2017.
Colliers International Christchurch Investment Sales Broker Will Franks is marketing the property alongside Director Shoneet Chand of the Auckland Investment Sales division.
Franks says the opportunity will appeal to any astute investor looking for a quality, low-risk investment in the strong growth township of Kaiapoi.
“This specialist asset provides a great long-term investment for those looking to re-invest funds or cement their portfolio position,” he says.
“The property offers a new 10-year lease to national childcare operator Evolve Group, a market leader in education with over 120 centres nationwide.
“It is currently returning $159,120 plus GST in net annual rent, with three, five-year rights of renewal, fixed annual CPI rental growth, and market reviews on renewal.”
Situated on a single freehold title, the property offers a significant land holding of 1,799sq m with a building area of about 400sq m.
Chand says the centre features modern construction and provides an excellent outdoor space, with some 592sq m of outdoor play area for children.
“The centre is particularly well designed and resourced to the highest quality with all the latest equipment to engage children, and caters for ages 3 months through to 5 years.
“The centre is licensed for 68 children and features an ample 15 car parks for drop off and collection purposes.”
The property has underlying Residential 2 zoning, with specific land use consent to operate a preschool facility.
“Located only 15 minutes north of Christchurch, Kaiapoi is just a short commute from Christchurch City, yet provides a way of life that is unique, with qualities that are not easily attained within a cityscape,” says Chand.
“The riverside town has enjoyed a resurgence in the last few years with the development and revitalisation of its town centre. Kaiapoi is now poised to be the preferred residential option north of the city.”
With new public amenities underway including a library and museum, town square and shops, landscaping, and sensitive development of its natural features, this historic town is well prepared to serve its community.
“We expect to see this investment opportunity in North Canterbury snapped up due to its valued location and the high-quality of the modern centre itself,” Chand says.
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