3 Ponderosa Drive presents an outstanding opportunity to secure a proven passive investment with a long-term lease.
Currently generating $116,480 net income per annum + GST & outgoings, this property offers fantastic rental growth with CPI & market reviews. The long-standing childcare property is tenanted by Ponderosa Kids Montessori Preschool on a new 6-year lease from 2025, with renewal options extending through to 2043.
The 743sqm freehold site enjoys excellent road frontage on Ponderosa Drive and is zoned Residential – Mixed Housing Urban, providing significant future development potential in a high-growth residential catchment.
Key Highlights:
Returning $116,480 net pa + GST & outgoings
New 6-year term from 2025 with renewals to 2043
CPI adjustments + Market rent reviews
743smq Freehold title with prominent frontage
Residential – Mixed Housing Urban zoning
This is a hands-off investment with a strong tenant, secure income, and the added benefit of underlying land value.
Contact us today for more information or to arrange a viewing!
More information: https://www.colliers.co.nz/p-NZL67035992
