49 & 51 Kaurilands Road, Glen Eden
Are you seeking a remarkable commercial property investment? Look no further than the rapidly growing Glen Eden area in Auckland!
Originally established about 20 years ago, this childcare centre has expanded to 85 licensed places to meet the growing demand of the local community. Its popularity has soared under the expert management of its founder owner, boasting a waitlist for enrolments that extends over a year.
The property features a spacious, open-plan design that seamlessly integrates indoor and outdoor spaces, offering a natural theme for children to play and learn in nature. Operated by the highly experienced founder with a loyal community following, this centre with such a strong tenant covenant offers a secure and profitable investment opportunity.
Investors could earn $234,260 + GST annually, with the tenant covering all outgoings. Enjoy a hands-off, passive investment with a long-term lease of 34 years, including rights of renewal, with final expiry in March 2058.
Spanning a generous 2,550m2, this property offers future land banking potential in a growing residential area, benefiting from ongoing housing developments, population growth and increased demand for childcare services.
This custom-expanded childcare property includes modern facilities and a long-standing tenant with over two decades of experience in childcare services. The property benefits from a secure, long-term lease and robust government funding support for childcare.
Don't miss out on this incredible investment opportunity!
For more information, get in touch with Munish today.
Price on Application
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