Auction Location: The Mercure Hotel, Tauranga
Seldom does the market present a dual-property childcare investment in a thriving residential pocket of Tauranga. Offered together, 4 Pamir Place and 64 Victory Street, Welcome Bay represent a compelling combination of high net returns, long-term tenure and strong underlying asset values.
Both properties are residentially zoned and fully consented for 58 children and leased with six-plus years remaining on the current lease term. The lease over both properties deliver a current net rental of $122,650 per annum, with built-in rental annual CPI growth providing further upside over the lease period.
Both properties are well maintained and offer genuine ease of ownership - a long-term lease where the tenant pays all usual outgoings including rates and insurance and high returns with minimal management demands.
For the residential investor seeking quality cashflow backed by appreciating land assets in a good residential area, this dual-property opportunity deserves serious consideration. Properties of this nature, with this combination of tenure and high net return, are rarely offered to the market.
Contact Simon or Duncan today for more information.
For Sale by Auction at 11am, Thursday 24th September 2026 at the Mercure Hotel Tauranga (unless sold prior)
Features:
• 4 Pamir Place: 122m² floor area on 811m² land
• 64 Victory Street: 110m² floor area on 691m² land
• Current net rental: $122,650 p.a. + GST & outgoings
• Six-plus years remaining on current lease term
• Established childcare tenant with substantial covenant
• Both properties fully consented for 58 children
• Residentially zoned with high underlying land values
• Built-in rental growth with high net returns
