This investment opportunity features a prominent nationwide childcare business, New Shoots Children's Centre Limited, and offers a substantial annual return of $336,804 plus GST and outgoings. This asset represents a truly passive, low-maintenance investment, ideal for those seeking a secure addition to their portfolio.
Located on approximately 2,455sqm of land, the property is well positioned on a high-profile arterial road with convenient access to nearby commercial and residential areas. The facility has consent in place for 103 children and will transform into a modern and sustainable childcare centre that will be fully refurbished internally, externally and extended prior to lease commencement.
New Shoots are considered a market-leading operator who have over 17 childcare facilities throughout the North Island. The property is secured by a long-term, 18 year, initial term of lease that includes built-in rental growth, ensuring both income stability and the potential for property appreciation. This combination of a strong, resilient sector and the opportunity for capital growth makes it an attractive and profitable choice.
This bottom draw investment is not to be missed!
For sale by deadline private treaty (unless sold prior), closing 4pm, Thursday 31st 2024.
For a full information pack or to discuss your requirements, please contact the sole agents:
Rory Brown 022 490 1437
Christy Arundel 027 247 4789
