High profile investment offers long term security


58 Ormiston Road, Flat Bush

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High profile investment offers long term security | 58 Ormiston Road, Flat Bush | 1902332 |      X Close
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High profile investment offers long term security


• Quality childcare investment set on prime Fee Simple site of 5,209sqm (more or less)

• Proven tenant covenant - eight centres across Auckland and growing

• Returning a total of $474,400pa plus GST and outgoings with assured rental growth

An opportunity to secure a hands off, bottom drawer investment in the rapidly developing Ormiston Town Centre should not be overlooked. Built to high specifications in 2017, the property comprises a purpose built childcare centre held on a single Fee Simple title incorporating a land area of 5,209sqm (more or less). The property also includes surplus land comprising 825sqm (more or less) offering subdivision and/or development potential.

The premises has been split into two tenancies. With a brand new 15 year lease in place, the childcare centre is returning $374,400pa plus GST and outgoings. With eight centres in Auckland, Choice Kids also occupies the first floor as their head office and has committed to a new ten year lease, returning $100,000pa plus GST and outgoings.

Call the SOLE agents today

Tony Chaudhary

021 995 121

tony.chaudhary@bayleys.co.nz

Amy Weng

021 177 3422

amy.weng@bayleys.co.nz

Janak Darji

021 047 1290

janak.darji@bayleys.co.nz

58 Ormiston Road, Flat Bush

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