17 Johnstones Road, Otara, Auckland

FOR SALE

The vendor wants this property sold! Offers over 2.7mil will be considered. Happy to discuss options. Make contact now!

An excellent opportunity to purchase this tenanted investment property. The current tenant is a well established national childcare business with an excellent occupation rate. A new 12 year lease term to commence from sale settlement date with 3 x 6 year rights of renewal. Rental return $187,200 p.a. plus GST. Tenant pays all outgoings, including building insurance.

Located in Johnstones Road, Otara it is within a residential housing area, with Mayfield Primary school adjacent, offering convenience for working families. The facility is licenced for 80 children of over 2 years old. Constructed in the 1970s as a church and totally re-configured to a childcare facility, this premises an ideal environment for young children. The learning and play areas flow to a lovely outdoor sunny well equipped playground. The entrance has a reception and seating area plus private staff office.

To be noted. As the property is used for educational purposes there are no council rates charged.

Key Features:

- Returning $187,200 p.a. + GST + outgoings

- Licensed for 80 children

- Nationwide established childcare tenant

- Land area 1743m² (approx.) front lot

- Building area 346.6m² (approx.)

- Ample parking

- Close to schools, buses and motorway access

- Ideal location with young working families wanting the use of such a facility

- Tenant pays all outgoings, including building insurance, BWOF etc.

For more information and an appointment to view this property, please contact the agent at NAI Harcourts Cooper & Co today.