12 Locket Road, Glenfield, North Shore

15 Year Lease Returning $90,000pa + GST

• Affordable childcare investment
• 15 year lease term to established operator with 20 years industry experience
• Net return of $90,000pa + GST and outgoings with 12 month bank guarantee
• 751sqm (more or less) freehold corner site zoned Mixed Housing Urban

The property presents a fantastic opportunity to secure a bottom drawer, hands-off investment with strong lease terms in a sought after location.

Licensed for 40 children the centre which was established in 1989 offers an investor the rare opportunity to invest in a blue chip industry at an affordable price point. The length of the lease, modest rental rate, and guarantees in place make for an investment proposition that will give peace of mind to the next lucky owner.

Long term the property will benefit from its Mixed Housing Urban zoning under the Auckland Unitary Plan allowing for a more intensive development use. Coupled with the strong locational attributes being adjacent to the Wairau Valley commercial precinct and proximity to main arterials/motorway interchanges this is the perfect "best of both worlds" investment for both today and tomorrow.