Colliers are pleased to exclusively present to the market, Unit 14, 56 Apollo Drive, Rosedale - a modern, purpose‑built childcare investment located in the sought-after Rosedale commercial precinct.
Completed circa 2016 by highly reputable Kea Property Group, the property comprises a well‑designed early childhood education facility, leased to global brand Busy Bees and licensed for 100 children. Returning $288,560 pa net, the centre benefits from a long‑term lease with fixed annual rental growth and excellent occupancy providing investors with a secure income profile.
Situated on a prominent corner position with dual access and frontage to Arrenway Drive, the centre anchors a successful commercial/retail development and enjoys easy accessibility and proximity to Constellation Drive as well as the Upper Harbour motorway interchanges. The surrounding area is characterised by modern industrial and commercial developments, supported by a well‑established residential catchment.
With all outgoings fully recoverable under an ADLS net lease and a final lease expiry extending through to November 2041, this represents a compelling opportunity to secure a modern, passive investment in a tightly held North Shore location.
Call the Sole Agents for further information or to arrange an inspection.
Shoneet Chand 021 400 765, Matt Prentice 021 464 904 and Ronal Prasad 021 232 1192
Features:
- Net rental of $288,560 pa + GST
- Fixed annual rent increases
- Leased to global brand Busy Bees
- Purpose built, modern facility
- Licensed for 100 children
- Long term lease with final expiry in November 2041
- Total lettable area of 1,115 sqm
- Corner position with dual street frontage
- 19 on site car parks
- Established, popular North Shore location
More information: https://www.colliers.co.nz/p-NZL67038733
