19 Wakelin Road, Beachlands, Manukau

EARLY LEARNING CENTRE INVESTMENT OPPORTUNITY

Attention all passive investors, this is an opportunity to secure a hands off, bottom drawer investment in Beachlands. Purpose built to high specifications, completed in late 2018. This stunning new centre is extremely well presented, in an rapidly developing suburb, with strong growth.
Currently licensed for 50 Children, with maximum capacity of 60 Children (subject to approval by Minister of Education). The position of this property backs onto the grounds occupied by Beachlands School, and therefore is considered to be a convenient location for young children's education. Minutes' drive to the Pine Harbour Marina and the recently completed Beachlands shopping centre. Approximately 18km to Botany Town Centre and 37km to the Auckland CBD.
New and seasoned investors should take advantage of this long term passive investment opportunity. Contact the SOLE agents today.

Features:
• Purpose built centre completed October 2018
• Proven and experienced operator
• New 15 year lease commencing February 2020 plus further rights of renewal until 2045, with built in growth and rental bond
• Currently returning $132,000 p.a. plus GST and Outgoings
• Fixed annual rent increases of CPI + 1.5%
• 12 onsite car parks
• Total floor area 358sqm (more or less)
• Land area 1,012sqm (more or less)

For sale by Auction (unless sold prior) 11am, Wednesday 5th August 2020. Bayleys House, 30 Gaunt Street, Auckland.