Award Winning Childcare


115 Boundary Road, Blockhouse Bay

Auction

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Award Winning Childcare | 115 Boundary Road, Blockhouse Bay | 1900367 |      X Close
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Description

Award Winning Childcare


- Purpose built and modern childcare licensed for 60 kids in popular Central West location

- Seven (7) year lease from 2015 plus rights of renewal

- Annual rent increments for assured growth

- Returning $169,850pa +GST and Outgoings

Properties of this nature and calibre must be inspected. Located in popular Blockhouse

Bay area. The property is extremely well built & presented.

The tenant is a well experienced operator with a total of four childcare's in operation. Local schools in the area include Lynfield College, Blockhouse Bay Primary School & Blockhouse Bay Intermediate School.

Superb Bottom Drawer Investment.

Property Details

Land Area 1753sqm (more or less)

Zoning Residential 5

Name of Tenant: Chrysalis Group Limited (T/A Magic Kingdom Childcare)

Commencement Date: 1st August 2015 Term: Seven (7) Years

Rights of Renewal: Five (5) Terms of Five (5) Years Each

Renewal Dates: 1st August 2022, 2027, 2032, 2037, 2042

Current Annual Rental: $169,850.56pa +GST

Rent Review Dates: Fixed Annual Increases of 2%

Final Expiry: 31st July 2047

Portion of Outgoings: 100%

Auction (unless sold prior)

11am, Wednesday 12th August 2015

Maritime Square, Ground Floor

4 Viaduct Harbour Avenue

Auckland, New Zealand

115 Boundary Road, Blockhouse Bay

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