NEW 15 YEAR LEASE - CHILDCARE
287, Oteha Valley Road, Albany, Albany, North Shore City
Price On Application
- Proposed Usage
- Floor Area
- 460.00 m²
- Land Area
- 1138.00 m²
- Property ID
Enquire about this property
This brand new childcare investment is located within the fast growing area of Albany. Magicland childcare is a new concept childcare bringing different concepts such as Kukkiwon Taekwondo and an in house gym. The lease consists of a 15 year lease with a right of renewal of 10 years and is returning $203,840 pa + GST.
The newly completed childcare was developed by reputable developer, Wallace Development Company Limited, in early 2016. It is located alongside a new retail development including quality tenants such as Vivo Hair and Beauty, Unichem Pharmacy and Balance Kitchen.
Albany is a high growth area with residential and commercial developments steaming ahead. There are over 3,000 apartments proposed in the area. The extension on the bus lane to Albany is estimated to be completed in 2021 which will improve travel times and public transport options for Albany commuters.
This area is flourishing and will continue to grow in years to come. This fantastic location, coupled with a 15 year lease and brand new building make this a worthy investment to add to your portfolio.