70 Malvern Road, Morningside, Auckland

Trophy childcare investment with new 15-year lease

- A high-profile childcare investment in an established growth location
- Modern, architecturally designed and purpose built in 2010, to a high standard
- Licensed for 80 children
- Returning $291,000 + GST p.a. on a new 15-year lease, to a proven operator
- Underpinned by a large, 1,500 sqm (more or less), fee simple site, zoned Residential - Mixed Housing Suburban

Anchored by a new 15-year lease to a proven and established childcare operator, this property offers an excellent passive investment opportunity in a sought-after city fringe growth location. Benefitting from an established residential catchment and located directly opposite Fowlds Park, this location provides excellent access to motorway links and nearby residential suburbs including Grey Lynn, Kingsland and Mt Albert. The improvements comprise a modern (2010) purpose built childcare building, providing accommodation for up to 80 children with generous outdoor areas and extensive on-site car parking. A new 15-year lease returns $291,000 + GST p.a. with fixed growth throughout the lease.

Investments of this calibre seldom become available in this strategic location. Call now for further information.