Secure a premium, long-term passive investment with strong returns and built-in growth. This modern, purpose-built childcare property offers a true “bottom drawer” asset, underpinned by a brand-new 10-year lease and excellent tenant covenant.
Returning $148,200 net per annum + GST & outgoings, the lease includes fixed 2% annual increases and market rent reviews every four years, providing both consistent income and future upside. The property is leased to Kids World, a well-established childcare operator with over 20 centres across the North Island.
The improvements are predominantly new and designed specifically for childcare use, resulting in a low-maintenance, hands-off investment. Positioned on a 943sqm freehold site with dual access, the property also benefits from strong underlying land value and functionality.
Please contact us today for more information or to arrange a viewing,
Features:
* Returning $148,200 net p.a. + GST & outgoings
* Brand new 10-year lease + 4 x 5-year rights of renewal
* Fixed 2% annual rental growth + 4-yearly market reviews
* Modern, purpose-built, low-maintenance improvements
* Strong tenant – Kids World (20+ centres nationwide)
* 943sqm freehold title with dual access
* True passive “bottom drawer” investment
