209 Lumsden Road and 217 Lumsden Place, Akina, Hastings

Established childcare - outstanding investment

• Superb opportunity to secure an established childcare centre
• 10-year lease commenced June 2019 with rights of renewal until May 2034
• Two adjoining titles with integrated childcare facilities
• Returning $118,247pa + GST and 100% outgoings

Located in the central Hastings suburb of Akina, the property is surrounded by residential housing popular with young families. The property includes a combination of architecturally modified and purpose-built childcare buildings, decks and open plan spaces, designed to feel like a home.

The property is tenanted by Lumsden Kindergarten & Childcare Centre which is licensed to operate with up to 68 children. Strong demand for childcare services in the region means the facility is at near full capacity. The vendor has maintained the property to the highest of standards and it is in immaculate condition.

This is a sought-after high-growth childcare education sector investment. Opportunities of this calibre are scarce in the Hawke' Bay region and this one will appeal to investors searching for long-term security and peace of mind.