A prime passive investment awaits with a respected market operator. This property in a vibrant East Auckland hub is occupied by a proven multi-site tenant with a stellar record.
Key Points:
- Annual rent: $295k + GST
- Strong tenant covenant- experienced childcare operator.
- Long-term lease with renewals, totalling 30+ years.
- Government backing for the childcare sector adds assurance.
- Located in a well-connected commercial hub.
- High growth amid housing development, increasing demand for childcare.
- Network Management regulations since Feb 2023 raise entry barriers, a pre-approval requirement to establish new centres makes this investment more compelling amid rising childcare demand from ongoing housing intensification.
Price $4,700,000
Note: Further information will be provided strictly to genuinely interested and prequalified parties after submission of a Confidentiality Agreement & discussion, having the financial capacity to complete the transaction.
Contact Munish Verma - 021 113 9768, MunishV@abcbusiness.co.nz.
If you would like to receive any further information regarding this sale, please complete our online confidentiality agreement. Copy and paste this link into your browser:www.
ds4u.cc/abc?ref=34832
