This investment property is an ideal opportunity for an entry level investor in the highly-sought after Childcare Freehold Commercial market.
The property has been well maintained and presented to a high standard. Set on 976 sq meters and zoned Business Urban the property is consented and has an MOE License for 40 children.
Located in the greater Wellington region, this offers a secure investment with a first term of 10 years, and 3 x 5 year options. Take comfort from the fact the tenant is an experienced operator with a small portfolio of centres.
Annual rental is $61,000 + GST, and 100% of outgoings paid by the tenant.
Rent reviews commence in 2019, and are based on CPI or 1%, which ever is greater. There is also provision for a hard ratchet at Market Review.
Price $875,000 (+GST if any)
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