Prime opportunity to secure an established tenant who has occupied the premises since 2018. This is a purpose built early learning centre offering space for 75 children from the ages of 0-5 years old.
The property has dedicated indoor spaces with a play area at the rear offering children good outdoors space in the north westerly facing area. With a strong lease profile as well as an established popular business model, this investment ticks all the right boxes. Come and see for yourself – inspections by appointment.
The childcare centre benefits from being in an area with plenty of parking allowing for easy drop off and pick up’s, as well as offering families to chance to finish off shopping or other tasks while they collect their children.
Niv’s Early Learning Centre Ltd trading as Seeds Early Learning Centre
• Tenancy area: 741.74sqm (approximately)
• Initial lease term: 15 years
• Commencement: 06/08/2022
• Rights of renewal: 2 x 6 years
• Rent review: 2.5% per annum, market upon renewal
• New renewal due: 06/08/2037
• Current rent: $154,124pa
• Licensed: 75 Children
Full documentation pertaining to this investment property can be accessed via propertyfiles.co.nz/1506496