77 Hutt Road, Petone, Lower Hutt

Childcare investment. 10 year lease. 7.5% return

Thats right. An investment that has it all and is priced right too.

This well-considered residential conversion provides home-like care to 47 children in a safe, family-friendly environment in a sought-after location close to roading networks.

There is a new 10-year lease to Imagine Childcare with personal guarantees, Imagine Childcare are a proven local operator that has had a waitlist at this location since opening in 2012. The property boasts excellent child-friendly interior and exterior spaces making great use of the natural surroundings.

With a quarter acre section, great on site carparking and well maintained buildings this property has an outstanding future value and potential for capital gain

An investment that has it all, location, 10-year lease, proven successful tenant with personal guarantees and great underlying value.

Be quick, this property is now priced to sell at $1.7 million

• New 10-year lease with guarantees
• $127,088pa + GST net rental
• Thoughtfully converted buildings on quarter acre site
• Excellent location with strong underlying value