115 Boundary Road, Blockhouse Bay, Auckland

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