This is an outstanding opportunity to acquire a property that features strong fundaments across all key investment criteria; a long term lease, a strong tenant covenant, a brand new building constructed to modern building standards, and a location with huge growth potential. These elements make it an ideal long term investment suitable for family trusts.
Established in 2002, Kindergarten NZ Limited (KiNZ) is a subsidiary of the Auckland Kindergarten Association. KiNZ provides quality early childhood education and full day child care at its four early learning centres in Auckland, and Advisory Services in the early childhood sector.
The planned building comprises a single level, purpose built early childhood education centre designed to meet current industry standards, both from a construction and business operation perspective. The centre will be divided into 4 classrooms to cater for different age groups from babies, up to 4 years of age. The property includes extensive outdoor play areas and generous onsite car parking.
* Exceptional tenant backed by over a century of history
* Brand new 15 year lease with built in rental growth
* Returning $312,000 p.a + GST + OPEX (tenant pays Opex)
* Builder with strong reputation and experience in Childcare Centre construction
* Rapidly growing region
* Large freehold fee simple title
* Settle upon competition - due mid 2018
Establish are the industry leaders in providing comprehensive development services for the childcare sector, including site finding, due-diligence, resource consenting and complete childcare developments.