Prominent Childcare Investment on Dominion Road!

1438, Dominion Road, Mount Roskill, Auckland City

Price On Application

Proposed Usage
Office
Floor Area
312.00 m²
Land Area
1069.00 m²
Description:
Property ID
1bz18q4


Childcare tenanted investment that ticks all the boxes!

A new long-term lease, a quality building and a prominent Dominion Road address make 1438 Dominion Road an exceptional passive investment.

The Centre was purpose-built and operational since 2009. Newly tenanted to an operator with over 10 years ECE experience and a history of sucessfully managing and owning childcare before.

The 312 sqm single level facility is built on a 1069 sqm freehold rectangular site. It has Dominion Road frontage and backs onto the popular Akarana Golf Club offering green tranquil views.

+ Purpose built Childcare licensed for 50 kids
+ Operating since 2009
+ Returning $ 140,000 Net P.A.
+ New 8-year Lease with 2 x 8 year Rights of Renewal
+ Strong covenants including personal guarantees
+ 1.5% rental growth P.A.
+ Proven ECE Qualified Operator
+ Prominent Dominion Road location in Mt Roskill has strong Capital growth prospects

For Sale by Expressions of Interest Closing 5pm, 9th August 2017 (unless sold prior).

Call the Sole Agent to request further information.
VIEWINGS BY APPOINTMENT ONLY.

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Mount Roskill Area