With childcare continuing to be in high demand in the greater Wellington region, this newly constructed childcare freehold property, consented for up to 80 child places, will appeal to a range of investors.
The newly constructed premises were planned and built by an experienced childcare developer who understands the requirements for a quality fit-out and design to ensure the business tenant is successful in offering a high-quality ECE service to the local community.
Built on 2563m2, the property is within 5 minutes commute of Porirua city and next to local schools, offering convenience for clients and future growth of property value in the area. It is surrounded by quality residential developments improving future demand for childcare services.
You can take comfort from the fact the Tenant operates a number of childcare centres and has a solid reputation for the provision of quality care for their clients. The addition of this newly established service is their 7th under their well-recognised branding.
Lease details:
Commencement: June 2022
Annual Rent: $201,760 +GST
Term: 10 Years
Further rights: 3 of 5 years each
Operating Expenses: 100% paid by the tenant
Final Expiry: 25 years from commencement date
There are personal guarantees in place, annual rent reviews, and market reviews offering long-term revenue growth for the investor.
Price $3,750,000 + GST (5.38%)
Contact Linda Harley - 022 354 9189 today.
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