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Glendowie

227 West Tamaki Road, Glendowie, Auckland

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150sqm Floor area
440sqm Land area SQM

Tender

(unless sold prior)

Eastern Bays childcare investment with upside


• High profile and well-presented 150sqm (approximately) standalone building
• Freehold 440sqm corner site with future development potential
• Leased to a proven childcare operator on long-term lease with significant rental upside
• An excellent start/addition to your commercial property portfolio

A rare childcare investment opportunity with a long-term lease to Glendowie Montessori returning $80,483.46 pa + GST. A well-structured lease that includes fixed annual rent increases plus a market review on renewal.

The 440sqm (more or less) freehold corner site with Neighbourhood Centre zoning permits a mixed-use development up to 11m (plus 2m for roof form).

Positioned in a highly sought-after growth area, set to benefit from the largest urban regeneration project in New Zealand, the Tamaki Regeneration Programme.

Savvy investors with an eye for the future must investigate this investment opportunity.

Tender
(unless sold prior)

21

Oct

Time4pm
Calander
Calendar
Phil Haydock

Phil Haydock


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Natasha Christensen

Natasha Christensen


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Alan Haydock

Alan Haydock


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Freehold


Freehold 440sqm corner site with future development potential

Fully leased


Leased to a proven childcare operator on long-term lease with significant rental upside

Standalone building


High profile and well-presented 150sqm (approximately) standalone building