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Day care centre land and buildings for sale are child’s-play for property investors

Tags: Commercial

The land and buildings housing a semi-rural child day care centre in the Bay of Plenty have been placed on the market for sale.

The purpose-built property on State Highway 2 near Aongatete houses the Songbird Early Childhood Centre which is licensed to care for up to 25 children aged between two and five-years.

The day care buildings sit on 1.36 hectares of freehold land zoned rural with consent for a childcare facility – all located eight kilometres south of Katikati.

The property – but not the childcare business - is being marketed for sale by tender through Bayleys Tauranga, with tenders closing at 4pm on July 26.

Bayleys Tauranga salespeople Graeme Coleman and Phil Mangos said the Songbird Early Childhood Centre consisted of a converted dwelling and garage which was fenced and secured for the safety of its pre-school guests.

“There are two relocatable units on the property, along with a relocatable kitchen/communal area. Supporting the building infrastructure is a large grassed area with numerous plantings and room to build or relocate a dwelling. All of this with the backdrop of the Kaimai Range in the distance,” said Mr Coleman.

Songbird Early Childhood Centre is surrounded by farmland and orchards. Set amongst trees and native plants it has a large lawn, vegetable garden, a playground with a variety of climbing frames and spaces, and a huge sandpit.

The Songbird Early Childhood Centre business is currently on a new five-year lease running through to 2022 generating a net rental of $35,100 plus GST per annum, with two further five-year rights of renewal.

The centre’s location at Aongatete makes it a convenient drop-off child care facility for parents commuting from Athenree and Katikati to work in Tauranga, then picking up their children on the way home from work.

Since 2008, the proportion of pre-school Kiwi children enrolled in early childhood education (ECE) and the amount of time they spend there have both risen. The number of children has risen from 93.6 percent to 96.6 percent, with time spent in ECE has reached an average of 21.7 hours a week, up from 13.5 hours in 2000. The Government fully funds 20 hours of care a week for all children aged three, four and five.

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