An excellent opportunity to secure a passive investment in a proven location, returning $151,115 net p.a. + GST and outgoings.
Positioned on a prominent, high-profile site within a growing residential catchment, the property comprises modern childcare premises on a substantial 1,110sqm freehold landholding. The existing investment provides secure holding income with 4.3 years remaining on the current term and a final expiry in 2043.
Zoned Residential – Mixed Housing Urban, the property offers longer-term development potential, subject to Council approval, providing an attractive combination of immediate rental income and future land value upside.
This opportunity will appeal to investors seeking passive income, as well as strategic land-bankers looking to secure a substantial freehold site in a growth location.
Property Highlights
Returning $151,115 net p.a. + GST and outgoings
Established childcare operator in a proven location
Modern childcare premises
Substantial 1,110sqm freehold landholding
4.3 years lease plus RoRs
Final lease expiry in 2043
Residential – Mixed Housing Urban zoning
Future development potential, subject to Council approval
High-profile site in a growing residential location
Contact the sole agents for further information.
More information: https://www.colliers.co.nz/p-NZL67043306
