Cottontails is an established, popular Stanmore Bay childcare centre which has been operational since 2017. Featuring a 1,782sqm freehold title, the original cottage has been converted to a childcare centre which is trading very well boasting a 70%+ occupancy rate. With a five year lease term remaining, plus two further rights of renewal of 5 years each and a final expiry in August 2037, this investment must be seriously considered by all purchasers looking for an investment with a twist!
The converted cottage features lettable area of 262sqm and a 85%, grade ‘A’ IEP (seismic) rating. Currently licensed for 56 children, Resource and Building consent has been approved to increase capacity of the centre to 85 children, with supporting documentation available in online data room.
This property is very well positioned in a popular location close to Stanmore Bay Beach, and Whangaparaoa Town Centre while also being easily accessible via main arterial routes.
Seldom are long-term investment opportunities offered to the market with clear add value potential such as this.
The motivated vendor has instructed us to present all offers - call either of the Sole Agents now for further information.
Features:
* Currently Returning $180,000 pa net
* 5 year lease term remaining
* 1,782 sqm freehold title
* Currently consented for 56 children
* BC & RC approved for 85 children
* Established business with 70%+ occupancy
* Rare opportunity with clear add value potential
* Popular Hibiscus Coast location
* Must be sold! - Sole Agency