116-120 Surrey Crescent, Grey Lynn, Auckland

Grey Lynn Investment - PreSchool Childcare Center

- Well established Childcare Centre on a high profile Grey Lynn site
- 10 year lease with Rights of Renewal
- 1,515sqm site zoned Residential 6A
- Two cross lease titles with one tenant and one lease
- Zoned Mixed Use under the proposed Unitary Plan
- Returning $190,383 p.a. plus GST and Outgoings

The subject property is located in central Grey Lynn amongst both residential and commercial activities.

This investment consists of a well established Preschool Childcare Centre occupying 3 separate buildings, together with a residential flat, situated on a large high profile property located on Surrey Crescent in Grey Lynn.

Currently on a 10 year lease which commenced in 2012, the lease contains further rights of renewal and rent review every two years.

For the astute investor this investment offers long term security of a well established Childcare Centre located in the affluent area of Grey Lynn with long term development potential under the "Mixed Use" zone in the Proposed Unitary Plan.

Auction (unless sold prior)
11am, Wednesday 2nd December 2015
4 Viaduct Harbour Avenue, Auckland