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

For Sale by Expressions of Interest closing 5 pm, 9th August 2017 (Unless sold prior)

This top tier passive investment ticks all the boxes!
An established Childcare Owner Occupier, a new long-term lease with strong covenants, a quality building completed in 2009 and a prominent Dominion Road address promising strong capital growth – attributes that make 1438 Dominion Road an exceptional hassle-free investment that should delivers returns for years to come.
The Centre was purpose-built by the Owner Occupiers in response to growing demand for their services. It has been operational since 2009. The Owner Occupiers operate about half a dozen centres in Auckland’s city fringe suburbs and have been in the Early Childhood Education since 2006. They also have a strong track record in developing Childcare Centres and have successfully delivered on multiple projects in the last decade.
The 312 sqm single level facility, built on a 1069 sqm freehold rectangular site is well planned with two main indoor activity areas separated by a central core containing the toilet and kitchen facilities. The administrative offices and meeting rooms are towards the front of the building fronting onto Dominion Road. The playground to the rear of the building backs onto Akarana Golf Club offering green tranquil views.

+ Purpose built Childcare licensed for 50 kids
+ Operating since 2009
+ Returning $ 140,000 Net P.A.
+ New 10-year Lease with 2 x 8 year Rights of Renewal
+ Strong covenants including personal guarantees
+ 1.5% rental growth P.A.
+ Well established tenant running multiple Centres since 2006
+ Prominent Dominion Road location in Mt Roskill has strong Capital growth prospects

Call the Sole Agent today to register your interest or request further information.
VIEWINGS BY APPOINTMENT ONLY.

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Mount Roskill Area