An early childhood education centre in the West Auckland suburb of Henderson is available for purchase and presents buyers with the opportunity to acquire an asset with an established tenant and steady rental stream.
Located at 114 Swanson Road in Henderson, the property has 587sq m of total building area as well as a 72sq m covered deck.
The highly visible centre sits on a landholding that measures approximately 1,500sq m and offers convenient car parking.
The property is tenanted by Lollipops Educare, a fully owned subsidiary of Evolve Education Group. Evolve is one of New Zealand’s leading operators with over 90 centres and seven different brands nationally.
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Lollipops has occupied this site since construction in 2015 and recently signed a new 10-year term from March 2025 plus one further right of renewal leading to a final expiry in 2045.
The total annual rental income from their lease agreement is $234,040 plus GST and operating expenses.
This top-quality, purpose-built childcare centre is licensed for 75 children and was constructed by the reputable LEP Group.
With a long-term tenant in place and future rental growth built into the lease agreement, this property will attract buyers looking for a bottom-drawer investment.
Swanson Road can be accessed from Lincoln Road, one of Auckland’s busiest roads that has a host of shopping options and food outlets. It also connects to Don Buck Road heading towards Westgate, which is one of New Zealand’s fastest-growing regions.
Colliers Brokers Shoneet Chand, Matt Prentice, and Ronal Prasad have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 2 April, unless sold prior.
Chand, Director of Investment Sales at Colliers, says prospective purchasers looking for an investment opportunity with a strong tenant covenant won’t want to miss out on this offering.
“Lollipops Swanson is a top-performing childcare centre that has been in operation for nearly a decade and has shown a strong commitment to the location through their long-term lease agreement,” Chand says.
“The centre caters for children up to five years of age and it is part of the renowned Evolve Education Group.”
Prentice, Director of Sales and Leasing at Colliers, says childcare centres are a sought-after asset class among investors.
“The lease agreement provides strong cashflow and offers discerning investors the chance to acquire a stake in a sector that is underpinned by government backing,” Prentice says.
“Annual CPI rent reviews are in place, except on rent review years. There are also five-yearly market reviews in place, which are capped at 5 per cent, providing built-in rental growth.”
The population of the Massey-Henderson local board area grew by 5.1 per cent between 2018 and 2023 according to the most recent Census data, indicating ongoing demand for centres like this one.
Prasad, Investment Sales Broker at Colliers, says the property benefits from excellent transport links, being within a short walking distance to train stations and bus stops.
“Additionally, the wider area has a strong residential catchment, supporting a range of commercial and industrial activities,” Prasad says.
“The property and its current use align well with the character and demands of the surrounding area given nearby education facilities include Waitākere College, St Dominic's Girls' Catholic College, and Liston College. Waitākere Hospital and Waitematā Rugby Football Club’s home ground are also a short drive away.”
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
- Supplied by Colliers
