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Colliers are proud to exclusively offer to the market four quality childcare investments in prominent, high growth Auckland locations with long lease terms. The properties can be purchased either individually or as a combined offering, opening up the opportunity to all levels of investors.
Total net rental income from the combined portfolio is $1.269 million pa + GST with each individual centre producing between $223,288 to $405,600 pa + GST. In addition to initial 12-year lease terms plus further ROR’s and final lease expiry in 2053. This portfolio of centres also offers fixed annual rental growth plus 4 yearly market reviews.
The National tenant, 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. Best Start has been awarded the Reader’s Digest Most Trust Brand award in its category for the third year in a row.
Quality locations including Drury, Papakura, Avondale and Birkdale spread across Auckland with strong land values underpinning the future value of these assets. Opportunities of this quality are seldom available. Contact either of the Sole Agents today for further information or to register your interest.
For Sale by Negotiation.
Features:
* Annual returns between $223,288 to $405,600 pa + GST
* Four established childcare properties - buy one or buy all
* National tenant - Best Start Educare Ltd
* 12 year lease + ROR’s. Final Expiry in 2053
* Annual rental growth + market reviews
* Land bank - all properties have excellent future zoning
* Sole agency - call now to register your interest