Welcome to 170-174 Carlisle Road on the North Shore, a premier freehold corner site in Auckland's sought-after East Coast Bays, offering secure, passive rental returns of approximately $458,000 per annum plus GST, along with yearly rent increases.
At the heart of this opportunity is Magic Garden, a high-performing, fully licensed childcare centre with over 25 years of successful operation. With a long waiting list, outstanding ERO ratings, glowing Google reviews, and recognition as a reference site for international study tours exploring the Reggio Emilia philosophy, this legacy centre stands apart in both quality and reputation.
Licensed for 150 children and running near full capacity, it's led by an experienced operator and a highly qualified team. There's no comparable competition in the area - this is a true market leader. But the value goes well beyond the income stream. Situated on a high-profile 3,143m2 site, zoned Residential - Mixed Housing Urban under Auckland's Unitary Plan, this property offers significant land banking potential. With strong intensification potential and views out to Rangitoto, the site is primed for terrace housing, low-rise apartments, or future community development.
Positioned in Northcross, just east of Albany, the location is characterised by excellent schools, a growing population, and strong family demographics, making it a magnet for sustained capital growth.
Whether you're an institutional investor, private buyer, or overseas purchaser, this is a rare chance to secure a strategic investment that delivers both immediate income and long-term upside.
For further details, contact Munish, childcare sales specialist at ABC Business Sales. MunishV@abcbusiness.co.nz / 021 113 9768.
Price on Application
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