• 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