24A Fairlands Avenue, Waterview, Auckland

Childcare investment - new ten year lease

• Newly refurbished centre with expansive outdoor play area
• Operating as a childcare centre licensed for 40 children for over 20 years
• New ten year lease to an experienced operator
• Seismic rating of 100% of New Building Standard (Grade A+)
• Returning $99,840pa plus GST and outgoings

An opportunity to secure a hands-off, bottom drawer investment in the city fringe suburb of Waterview should not be overlooked. Built in the 1980's and being located on the rear portion of a cross lease site, the property has benefitted from subsequent alterations and additions culminating in a licensed childcare centre catering for a total of 40 children.

Comprised of a three level design, the property benefits from the suburbs ongoing residential intensification with the added convenience of being handy to immediate schooling, motorway networks and nearby shopping malls offering parents convenience and ease of access.

With a new ten year lease in place to an experienced operator, this is an ideal chance for passive investors to acquire a low maintenance asset with long term stability in an established residential neighbourhood.

For further information, please contact the SOLE agents today

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Scott Kirk
021 499 661
scott.kirk@bayleys.co.nz