Offered to the open market for the first time since construction, this is a high-quality passive commercial investment with a fantastic yield. The property returns net $257,000 per annum + GST, supported by built-in annual rental growth of CPI + 0.5%, providing both income security and inflation protection.
5/1 Prictor Street, Papakura is a purpose-built childcare facility leased to AOKids, a well-established multi-site operator with centers across Auckland and Wellington. The lease is structured for long-term stability, featuring a 10-year term commenced in 2023 with a further 10-year right of renewal.
The standalone building is positioned within a popular neighborhood retail complex and benefits from 23 on-site car parks. Zoned Business – Neighborhood Center, the property also offers potential future redevelopment or alternative use, subject to council approval.
Located in a rapidly growing residential catchment, the property enjoys excellent visibility, strong local demand, and convenient access to nearby amenities and transport routes.
Please contact us today for more information or to arrange a viewing.
