This established investment opportunity ticks a lot of boxes, offering an annual net rental income of $362,139 pa + gst, plus annual rental growth and high profile location.
The tenanted childcare investment comes with 14-year lease plus further rights of renewal to successful multi-site operator, Happy Learning.
The modern purpose-built centre was constructed in 2021 giving investors a low maintenance investment option. The replacement cost of this asset is very high given rising construction costs and increasing barriers to the entry in the childcare market.
The 2,024sqm freehold site is zoned Terrace Housing and Apartments with Great North Road frontage adding further long-term value to this opportunity.
This is a hassle free, premium passive investment – call us today for more information.
Shoneet Chand 021 400 765, Ronal Prasad 021 232 1192 and Matt Prentice 021 464 904
Features:
* Purpose-built childcare completed in 2021
* Net rental of $362,139 pa + gst
* Annual Rental Growth – Fixed 1.5%
* Bank Guarantee + Personal guarantees
* 14 year remaining lease term
* Multi-site tenant – Happy Learning Limited
* THAB zone – 2,024 freehold site
* Road frontage – busy Great North Road exposure with 21 car parks
* Sole Agency