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Colliers presents 89 South Belt, Rangiora, to the market for sale.
This opportunity will appeal to any astute investor or entry level investor looking for a quality, tidy investment to add to their commercial portfolio.
This well located purpose built childcare investment is leased to a childcare business Busy Bees (previously Provincial Education) returning approximately $183,509.14 PA + GST + OPEX and should appeal to those searching for a quality easy care asset. The current lease has an 8-year remaining term further adding to the attractiveness of the investment.
The property is in a very tidy condition, providing low maintenance care with a good lease in place.
It has a great established customer base due to its extensive surrounding residential catchment, in Southbrook Rangiora, ensuring consistent enrolment numbers.
This asset provides a great long-term investment for those looking to re-invest funds or cement their portfolio position, while it also has the benefit of a strong underlying land value component given its prime location.
Don’t miss the opportunity to secure an exceptional investment call today for further details.
For sale by Auction: 10am, Thursday 21 November 2024 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.
Features:
* Land area – approx 1,411 sq m
* Lease term – 15 years commencement date – 28th August 2017
* Eight years remaining on the lease
* Net income - $183,509.14 + GST + OPEX
* Established location
* Tenant – PEG 2 Limited (now trading as Busy Bees)
* Purpose built centre
* Tidy improvements
* Great car parking available and easy access
* Low maintenance construction