An immaculately presented childcare centre in the rapidly developing East Auckland suburb of Beachlands will be highly appealing for buyers looking for a premier property with a tenant signed to a long-term lease.
17A Bell Road, Beachlands, is home to a 506sq m Just Kidz early childhood education centre that sits on a 2,081sq m freehold site.
The brand-new building is consented for 86 children and has been purpose-built to cater for the requirements of pre-schoolers and includes tremendous internal facilities and outdoor play areas.
Just Kidz Beachlands will begin a 15-year lease in October that has two further rights of renewal for 10 years each leading to a final expiry of October 2057.
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The annual rental income from the property is $259,376 plus GST and the lease agreement includes annual CPI reviews and five-yearly market reviews.
The property is located across from Beachlands School and offers dedicated car parking, while sitting back from the road at the rear of the section.
Colliers Brokers Shoneet Chand, Ronal Prasad, and Matt Prentice have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Wednesday 26 October, unless sold prior.
Chand, Director of Investment Sales at Colliers, says childcare centres remain a sought-after asset class among prospective purchasers due to the strong tenant covenant on offer and this property is no different.
“Just Kidz has been operating since 2001, providing high-quality early childhood education and care for pre-schoolers,” Chand says.
“They currently have eight centres across Auckland with more coming soon due to the high demand for their excellent service and the care they provide.
“Given the current occupant is signed to a long-term lease with multiple renewals and the lease agreement includes annual CPI rent reviews, the subject property has all of the key fundamentals of an outstanding investment opportunity that will appeal to a wide array of buyers.”
Prasad, Investment Sales Broker at Colliers, says the building was constructed by Signature Homes who are highly experienced in the early childhood education sector and have developed more than 150 centres across New Zealand.
“The centre is licensed for 86 children and caters for the educational and childcare needs of children from birth to 6 years of age,” Prasad says.
“There are four very spacious internal learning spaces filled with exceptional learning and play resources. There are also dedicated rooms for infants, toddlers, and pre-schoolers with large, nature-inspired playgrounds to the side and rear of the building.
“Because the property is a new build it will provide the new owner with a low maintenance asset. This is a prime bottom drawer investment.”
Prentice, Director of Sales and Leasing at Colliers, says Beachlands is a seaside location undergoing extensive development and is now highly appealing to young families and people seeking a more relaxed lifestyle.
“There are a number of large-scale developments in the area, allowing for the predicted property growth and further spread away from central Auckland,” Prentice says.
“The largest of these is Spinnaker Bay, a 350-lot residential subdivision, bordered by Beachlands Road, Whitford-Maraetai Road, and the coastline.
“Beachlands and Maraetai Beach Schools are both located nearby, while local amenities include a new shopping centre anchored by a Countdown supermarket, Pine Harbour Marina, and the Rydges Formosa Golf Resort.”
The property is zoned Residential – Single House Zone under the Auckland Unitary Plan.
- Article supplied by Colliers
