75 Ballarat Street, Ellerslie, Auckland

National tenant - prime childcare investment

-A modern childcare investment purpose built in 2008
-National Tenant recently renewed a Five (5) year lease from February 2019
-Returning $292,938.46pa + GST and outgoings
-Licensed for 100 children 0 - 5 years of age
-100% NBS rating - Grade A

The property presents a fantastic opportunity to secure a bottom drawer investment with strong lease terms with a national tenant in a sought after location. Licensed for 100 children, the centre which was established in 2008 offers an investor the rare opportunity to invest in a sought after industry. Long term the property will benefit from its land shape and size as well as the buildings modern construction. Coupled with the strong locational attributes being adjacent to the vibrant Ellerslie commercial precinct, close proximity to main arterials/motorway interchanges and an excellent catchment population. The length of the lease and guarantees in place make for an investment proposition that will give peace of mind to the next owner.

Name of Tenant: Evolve Group 3 Limited
Term of Lease: Five (5) years
Commencement Date: 2nd February 2019
Review Date: 2nd February 2021 and 2023
Rights of Renewal: Two (2) further terms of five (5) years
Net Rental: $292,938.46pa + GST and outgoings

Please note that boundary lines are indicative only.