New build
Offlined
Colliers has been exclusively appointed to market 504 Porchester Road, Takanini, Auckland. The property is offered for sale by Deadline Private Treaty closing 4pm Wednesday 30 November 2022.
504 Porchester Road is large purpose-built single story childcare centre licensed to accommodate 110 children. The property is positioned an arterial route with a long road frontage and 21 onsite carparks. The large 2,419sqm freehold site coupled with Residential - Mixed Housing Suburban Zone is a fantastic landbank for future growth.
Returning $308,880 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 $308,880 pa net + GST & OPEX
* Market leading tenant – Best Start Educare Ltd
* 12 year lease + ROR’s. Final Expiry in 2052
* Annual rental growth + market reviews
* 2,419sqm 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
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.11 km | 3 | 1 | 70m2 | Year 2024 Month 05 Day 01 | $555,500 | Council approved | |
 | 0.64 km | 4 | 2 | 183m2 | Year 2024 Month 04 Day 03 | $1,064,500 | Council approved | |
 | 0.11 km | 3 | 2 | 132m2 | Year 2024 Month 03 Day 06 | $930,000 | Council approved | |
 | 0.66 km | 4 | 2 | -m2 | Year 2023 Month 12 Day 13 | $952,000 | Council approved | |
0.13 km | 3 | 1 | 90m2 | Year 2023 Month 12 Day 03 | $585,000 | Council approved |