Perfectly positioned on a pristine corner, in a tightly held city fringe suburb, is this exceptional passive investment opportunity which really does tick all of the boxes!
Featuring market leading tenant Busy Bees on a new 10-year lease from October 2024, this offering is further underpinned by fixed annual 3% rental growth, with market rent reviews throughout the lease and a final expiry in 2046. Founded in 1983 and headquartered in the UK, Busy Bees Group is majority owned by the Canadian based Ontario Teachers’ Pension Plan and cares for over 75,000 children.
Returning $239,200 pa net + GST, the centre is licensed for 80 children and has benefited from a high level of occupancy for many years while remaining as one of the most desirable offerings in the area. Onehunga is a popular city fringe suburb and has undergone significant transformation in recent years, with many successful residential and commercial developments either planned or completed, close to this centre.
This rare, bottom drawer investment must be seriously considered – call either of the Sole Agents now for further information or to register your interest.
Features:
* Rent $239,200 pa net + GST & OPEX
* Fixed 3% annual rental growth
* 10 year lease from October 2024
* Final Lease expiry in October 2046
* Market reviews throughout lease
* 1,265sqm corner freehold title
* Tightly held city fringe suburb
* High residential growth location
* Successful centre operational since 2013
* Sought after Auckland location
