Childcare freehold property investment in a rural Northland community.
Centre is licensed for 43 children, and the childcare tenant has a long term lease in place with final expiry in 2046. Good commercial lease terms with rent reviews at CPI or 1% whichever is greater, and a market review in 2019 then every 3 years.
Current rental is $61,046 plus GST and all normal outgoings; on advice from a registered valuer this rental is expected to increase with the August 2019 market review to a minimum of $83,000 plus GST.
Freehold Asking Price $990,000 - vendor has flexibility
