Colliers is proud to exclusively present to the market 114 Swanson Road, Henderson, Auckland, for sale.
This purpose-built childcare investment returns a net rental of $241,272.73 pa + GST and outgoings and is securely leased to Lollipops Educare, a wholly owned subsidiary of Evolve Education Group. Evolve is one of New Zealand’s leading early childhood operators, with more than 90 centres nationwide across seven established brands.
Lollipops has occupied the property since completion in 2015 and has recently committed to a new 10-year lease term from March 2025, providing long-term income certainty. The lease includes annual CPI rent reviews and scheduled market reviews every five years, supporting sustained rental growth over time. With a further right of renewal in place and a final lease expiry in 2045, the property offers enduring income in a government-supported sector.
The centre is located on a 1,500sq m freehold, fee simple site and is fully licensed for 75 children. The improvements are modern, purpose-built and were constructed by the highly regarded LEP Group, reflecting the quality and operational suitability expected by national childcare operators.
Swanson Road benefits from strong connectivity via nearby Lincoln Road, one of Auckland’s busiest arterial routes, providing access to Don Buck Road and the rapidly expanding Westgate growth corridor. The surrounding residential catchment continues to underpin demand for early childhood education in the area.
With a proven operator, long lease profile and defensive income characteristics, this is a compelling bottom-drawer investment in a well-established Auckland location.
Shoneet Chand 021 400 765, Ronal Prasad 021 232 1192 and Matt Prentice 021 464 904
Features:
* Net Rental of $241,272.73 pa + GST
* Annual CPI Rent increases + market reviews
* Lease expiry in 2035 + ROR
* Licensed for 75 Children
* Proven centre in established location
* Evolve as Parent tenant - branded as Lollipops
* Quality, purpose built facility
* 1,500sqm freehold/fee simple title
* Government backed sector
* Popular Auckland location
