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Papakura

336 Great South Road, Papakura, Papakura

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1,419sqm Land area SQM
511sqm Floor area
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Fifteen year lease to national childcare tenant


UNDER CONTRACT

• Purpose-built childcare centre licensed for 85 children
• Fee simple 1,419sqm (more or less) corner site zoned Mixed Housing Suburban
• Fifteen year lease commenced 2018 with rights of renewal until 2053
• Returning $243,100pa plus GST and outgoings with assured rental growth

An opportunity to secure a hands-off, bottom-drawer investment in the rapidly growing Papakura town centre should not be overlooked.

Offering a multi-level building with a net lettable area of 511sqm (more or less), this purpose-built childcare centre benefits from a long-term lease to and experienced operator, All About Children with centres nationwide.

Situated on a 1,419sqm (more or less) fee simple corner site, the property has a commanding presence within the Papakura Town Centre and is within close proximity to schools offering parents convenience and ease of access.

336 Great South Road presents an ideal chance for passive investors to acquire a high quality, low-maintenance asset with long-term stability in an established residential neighbourhood.

For further information, 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

Jordan Brown
021 144 9825
jordan.brown@bayleys.co.nz

For Sale by Negotiation
Tony Chaudhary

Tony Chaudhary


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Amy Weng

Amy Weng


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Jordan Brown

Jordan Brown


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

Features

Corner site


Fee simple site of 1,419sqm (more or less)

Long term lease


Fifteen year lease in place

Purpose built centre


Licenced for 85 children with national brand tenant in occupation