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Colliers has been exclusively appointed to market 2 Barrels Close, Kumeu, Auckland. The property is offered for sale by Deadline Private Treaty closing 4pm Wednesday 30 November 2022.
2 Barrels Close, Kumeu is a modern purpose-built childcare centre built in 2018 and is licensed for 91 children. The property is located in the fast-growing suburb of Huapai-Kumeu. The site occupies a prominent front position on the main road and benefits from rear access and on-site parking for 16 vehicles. The investment offering is underpinned by 1,898m2 freehold land zoned Mixed Housing Suburban.
Returning $260,260 pa net + GST and OPEX, this offering features a new 12 year lease term plus further ROR's and a final lease expiry in 2052, as well as annual rental increases and market reviews throughout the lease. Childcare investment properties are highly sought after given their fantastic tenant covenants, premium landholdings and long term investment fundamentals.
Founded over 25 years ago by Wayne and Chloe Wright, Best Start is a registered charity and is New Zealand's largest provider of quality education and care with over 15,000 children attending one of its 270+ centres daily, and a team of 4,500 dedicated teachers and support staff. This year BestStart won the Reader's Digest Most Trust Brand award in its category for the third year in a row.
The property on offer is a part of a portfolio of nine quality childcare investments across major cities in the country. The properties can be purchased either individually or as a nationally diversified portfolio, opening the opportunity to all levels of investors.
Features:
* Returning $260,260 pa net + GST & OPEX
* Market leading tenant - BestStart Educare Ltd
* 12 year lease + ROR's. Final Expiry in 2052
* Annual rental growth + market reviews
* 1,898sqm freehold site
* Residential - Mixed Housing Suburban Zone
* Offered as part of portfolio - buy one or buy all
* Sole Agency - call now to register your interest