A substantial portfolio of six early childhood care properties located in five different cities spread across New Zealand has been placed on the market for sale.
The six buildings and the land they sit on are located in Tauranga, Hamilton, Rotorua, New Plymouth and Blenheim.
Five operate under the nationally recognised BestStart brand, while the remaining centre operates as an independent early childhood education site trading as Kids Academy.
Potential buyers are being given the opportunity to buy one or more properties in any combination the prefer, or the entire portfolio as one offering.
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The portfolio of land and buildings is being offered for sale through Bayleys.
Josh Smith of Bayleys Waikato is leading the campaign, with marketing handled locally by Myles Addington in Tauranga, Mark Slade in Rotorua, Iain Taylor in New Plymouth, and Wade Cornelius in Blenheim.
Campaign sales leader Josh Smith says early childhood education is a cornerstone for the overwhelming majority of Kiwi parents seeking to give their children the best possible start in life.
Ministry of Education statistics show that some 96.8 percent of New Zealand children engaged in early childhood education (ECE) in the six months prior to starting school – including centre-based teacher-led venues, Māori and/or Pasifika centres, parent and whanau-led centres, and home-based education programmes.
“Dedicated to making a positive difference to the lives of Kiwi children during their formative years, early childhood centres such as BestStart and Kids Academy provide a safe, nurturing and stimulating environment for children to learn in,” Smith says.
“Underpinning this commitment is the dynamic of operating in modern, efficient, and often purpose-built premises designed and laid out specifically with children and teachers in mind.”
Founded in 1996, the BestStart early childhood education brand is a New Zealand-owned organisation with preschools, kindergartens and Montessori teaching options at more than 260 sites across the country, stretching from Whangārei to Invercargill, practicing an ethos of ‘learning through play’.
BestStart is the premier partner of child healthcare provider Whānau Awhina Plunket – having raised more than $390,000 for the charity organisation.
The early childcare education portfolio being offered for sale has locations at:
• 301 Welcome Bay Road, Welcome Bay, Tauranga: A 569.9-square metre childcare premises situated on 999-square metres of freehold land, and licensed to accommodate 40 children, generating annual income of $99,961.29 plus GST and outgoings, and with a current lease running through to 2028 with two further six-year rights of renewal.
• 1 Gillies Avenue, Claudelands, Hamilton: A 168-square metre childcare premises situated on 928-square metres of freehold land, and licensed to accommodate 30 children, generating annual income of $71,829.53 plus GST and outgoings, and with a current lease running through to 2028 with two further six-year rights of renewal.
• 29 Green Street, Frankton, Hamilton: A 713.1-square metre childcare premises situated on 1,287-square metres of freehold land, and licensed to accommodate 50 children, generating annual income of $104,966.37 plus GST and outgoings, and with a current lease running through to 2028 with two further six-year rights of renewal.
• 8 Iles Road, Lynmore, Rotorua: A 587.3-square metre childcare premises situated on 1,138-square metres of freehold land, and licensed to accommodate 42 children, generating annual income of $85,780 plus GST and outgoings, and with a current lease running through to 2028 with a further six-year right of renewal.
• 156-158 Lemon Street, Strandon, New Plymouth: A 1,217.5-square metre childcare premises situated on 1,545-square metres of freehold land, and licensed to accommodate 70 children, generating annual income of $149,240 plus GST and outgoings, and with a current lease running through to 2031 with two further six-year rights of renewal.
• 11 Colemans Road, Springlands, Blenheim: A 1,146.3-square metre childcare premises situated on 2,044-square metres of land, and licensed to accommodate 81 children, generating annual income of $218,232 plus GST and outgoings, and with a current lease running through to 2032 with a further nine-year right of renewal.
Five of the properties in the portfolio are zoned under a residential land use classification, while the Frankton site in Hamilton is zoned under an industrial land use classification.
The properties can be purchased individually, in any combination, or as a portfolio, and are for sale by tender closing Wednesday, September 9 (unless sold prior).
- Supplied by Bayleys
