48 Buckland Road, Mangere East-Papatoetoe, Mangere East, Manukau

Childcare with New 15 Year Lease

This is an excellent opportunity to secure a strategically located freehold investment property in the major suburb of Mangere East-Papatoetoe, Manukau, Auckland. It comprises a purpose-built facility for a ChildCare Centre, which was completed in 2012 and is licensed for 39 children over the age of two years. The ChildCare Centre is leased to a well-respected, publicly listed New Zealand owned operator. The operator is a provider of high-quality, multi-faceted Early Childhood Education Services throughout both the North and South Islands of New Zealand. \n\nThe strengths of this property include:\n\n- Well located within a large residential catchment in the major suburb of Mangere East-Papatoetoe, Manukau, Auckland\n- Freehold standalone property\n- Purpose-built ChildCare Centre premises\n- Leased to a well-respected, publicly listed New Zealand owned ChildCare Centre operator\n- Attractive 15 year initial lease term commencing 22 December 2014, currently returning $77,500.00 + GST p.a. (net) + 100% Outgoings, with growth\n- Mangere East-Papatoetoe, Manukau has enjoyed strong population growth in recent years\n- Favourable Main Residential Zone under the Auckland District Plan\n- Under the Proposed Auckland Unitary Plan the Zone for this location is Mixed Housing Suburban, which also allows for a level of intensified development.\n\nThis investment ticks all the boxes: freehold standalone site, profile position in a major suburb, well-respected publicly listed tenant, strong long term income stream, favourable zoning, genuine add value prospects - rental upside and future land development. The fundamentals just don't get much better than this.\n\nFurther information available by request includes:\n\n- Information Memorandum\n- Lease documentation\n- Land Information Memorandum (LIM Report)\n- Vendor Chattels List\n- Auction Sale and Purchase Contract Document.