21 Park Hill Road, Birkenhead, North Shore

Childcare investment on the North Shore

• 15-year lease from January 2020
• Annual return of $95,550 net per annum
• Purpose-built centre completed October 2017
• Built-in rental growth and bank guarantee in place

This is an opportunity to secure a bottom-drawer investment in the popular suburb of Birkenhead on Auckland's North Shore. Purpose built and completed at the end of 2017, to high specifications (100% of NBS, Grade A Seismic Rating), the property is extremely well presented in an area with a strong catchment population.

Licensed for 35 children, and tenanted by a proven childcare operator on a new 15-year lease with rights of renewal through until 2042; the property is in close proximity to Birkenhead Primary School, Birkenhead College, local library and benefits from nearby shopping centres, cafes and sports grounds.

Name of Tenant - KC Birkenhead Limited
Term of Lease - 15 years
Commencement Date - 10th January 2020
Rights of Renewal - One (1) further term of seven (7) years
Net Rental - $95,550pa + GST

Call now for further information on this modern investment in a desirable location