This childcare freehold investment offers a welcome and positive twist for an astute investor.
The childcare business has been operating with a 40 license childcare centre in place since 1992 in central Richmond, Tasman district.
As an investor you can take comfort from this 809m2 property with a proven tenant and annual rental of $53,040 + GST. Market reviews are every two years, offering increases going forward.
The added bonus with this property is the potential alternative use value, should the tenancy come to an end.
With continual growth in the Tasman region, the Tasman District Plan was modified to introduce intensive housing in the Richmond area. The Tasman District Councils intensification action plan encourages the building of smaller homes at higher densities and multi-storey residential developments.
Given the location being only one street from the CBD of Richmond, this property is ideally suited to re-development in the future, should the childcare tenant vacate. The location in Oxford Street will be desirable for people to walk and cycle to the supermarket shops and neighbouring cycleways.
Want to find out more? Complete the online confidentiality agreement for full details.
Price $975,000
Call Linda Harley - 022 354 9189 for more information.
For a confidential discussion please complete our online confidentiality agreement.
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