Lifestyle with passive income

2257 State Highway 2, Aongatete

Asking Price NZD $1,200,000

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Lifestyle with passive income | 2257 State Highway 2, Aongatete | 2304626 |      X Close

Lifestyle with passive income

We're not kidding when we say this rural lifestyle property presents a great opportunity to reap the rewards. Here is a home and income opportunity that is waiting to happen with all the hard work having been done. The location and strong profile of the property to State Highway 2 provides numerous options to capitalise on the commercial upside this property offers a new owner.

The former 114m² residence has been converted into a thriving childcare centre operating during the week days, fully fenced with a large outdoor playground and suitable sealed carpark. Consented and licensed for 25 children aged 2-5 years, the Centre is well staffed with a high child to teacher ratio and a high occupancy. The business has good reviews from parents and ERO and is ideally located to rural communities and seasonal workers. Although the business itself is not for sale, what this property will provide its new owner is a stable, passive income with the leased investment netting rental of $35,100 plus GST pa and a secure lease in place until 30 April 2022, with three rights-of-renewal of 5 years each through to final expiry 30 April 2032. Due to the design of the facility, and location, it would be more than easy to convert the Centre back into a purely residential dwelling should there be a desire to do so in the future.

The garage has been converted into a series of offices with storage.

A driveway leads you to a private hideaway with an outlook to farmland and the Kaimai Ranges beyond, and where the free-range chickens are welcome to roam on the large grounds or where a small family can enjoy a game of backyard cricket. Two relocatable units* (approximately 25m²) are used for occupation and sit snug amongst the sweet scents of the landscaped gardens and beautifully sculptured artworks, with a paved pathway leading to a kitchen and dining unit*. A separate adjoining room is currently utilised as an artist's studio* but could also be used as an office space or additional storage. A large deck adorned with artist's wares leads to a covered pergola where you can relax and enjoy the little things or entertain family and friends. Plant out the planter boxes in your choice of vegetables or herbs and enjoy the good life with the fresh seasonal produce. Sloping land mainly covered with trees and a small bush track to the southern boundary offers something to discover and delight in at every turn of this 1.3657 hectare property.

Aongatete is an area popular with families and seasonal workers and is handily located to all services and amenities at Katikati 8km away, or Tauranga City 26.6 km.

Viewing strictly by appointment only.

* Buildings on this property may not be consented, meet building code or be complying activity. Prospective buyers are advised to seek legal and/or technical advice prior to entering into a binding contract. Please note the Asking Price is Plus GST (if any)

2257 State Highway 2, Aongatete

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