The South Auckland premises housing a national-brand childcare centre on a long lease are up for sale, promising an exceptional passive investment for commercial property buyers.
The more than 1,400-square-metre site on a high-profile corner on Great South Road is home to All About Children Papakura.
The purpose-built early childhood education centre is licenced for 85 children in an established residential catchment with numerous schools.
The Papakura facility forms part of Kids World Education Group which has a network of some 12 childcare centres across Auckland, Wellington and Manawatū.
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All About Children occupies the Papakura premises on a 15-year lease commenced in 2018, with rights of renewal until 2053.
The lease generates an annual net rental return of $259,944 plus GST, with built-in rental growth.
The freehold land and buildings housing the childcare centre at 336 Great South Road, Papakura, Auckland, are now being marketed for sale by Tony Chaudhary and Lalit Arya of Bayleys South Auckland.
The site will be sold by deadline private treaty closing on Tuesday 23 April, unless it is sold earlier.
Chaudhary said the property for sale encompassed approximately 510 square metres of buildings on some 1,419 square metres of land with 17 on-site car parks.
"The smart, modern two-level childcare centre is purpose-built and architecturally landscaped, and contains dedicated spaces for infants, toddlers and pre-schoolers.
"This beautiful learning environment comprises three separate play areas, sleeping rooms, children's bathrooms and a kitchen on the ground floor, plus staff offices, another kitchen and storage upstairs. The interior spaces are complemented by some 425 square metres of outdoor area with an enclosed deck.
"Positioned on a corner with excellent exposure to arterial Great South Road and Butterworth Avenue, the property has a commanding presence within Papakura's town centre.
"Its central location is ideal to serve the surrounding Papakura residential catchment. With six schools within a five-minute radius, parents enjoy great convenience with drop-offs and pick-ups," Chaudhary said.
The property forms part of the Mixed Housing Suburban Zone under the Auckland Unitary Plan.
This enables intensification, while retaining a suburban built character, with development generally in the form of two-storey detached and attached housing.
Arya said childcare was increasingly recognised as a desirable long-term commercial property investment.
"Owners of property occupied by childcare operators enjoy added security due to a large proportion of operators' revenue being Government-funded.
"The sector has just received a fresh boost with the Government's $1 billion commitment to give families a tax rebate of up to $75 per week on the cost of childcare from 1 July.
"As a hands-off, bottom-drawer investment in the fast-growing Papakura town centre, 336 Great South Road is hard to beat. The upcoming sale presents an ideal chance for passive investors to acquire a high-quality, low-maintenance asset with long-term stability in an established residential neighbourhood," Arya said.
- Supplied by Bayleys
