10/55 Sainsbury Road, Morningside, Auckland

Childcare investment: Long lease, strong yield

• Long-term lease to Evolve Education Group, with over 80 centres across NZ.
• Purpose built centre completed in 2010 licensed for 80 children.
• Sought-after location near Morningside CRL Station and Westfield St Lukes.

Positioned in the established Sainsbury Retail Centre, this purpose-built investment delivers an attractive income stream underpinned by Evolve Education Group, one of New Zealand's largest early childhood education providers operating under the brands Lollipops, Learning Adventurers, Pascals, Little Wonders, Little Earth Montessori and, the subject site, Active Explorers. Currently in the process of a rent review, which will increase to a minimum of $268,060pa + GST and outgoings. the property combines a quality tenant, a long lease profile and built-in rental growth through two-yearly rent reviews.

With lease security extending through to July 2034, this is a passive investment suited to buyers seeking dependable income from a well-established commercial asset. The modern facility occupies a strategic city-fringe location near St Lukes Shopping Centre, surrounded by a large residential catchment that supports ongoing demand.