18a Park Street Hikurangi, Whangarei District

Perfectly positioned, nicely appointed and with room for expansion, this childcare investment in Hikurangi is seriously for sale.

With their exceptional tenant covenants, premium landholdings and enduring investment potential, childcare investment properties are highly coveted.

Boasting a net return of $65,000/annum + GST & OPEX, the initial lease term of 15 years still has 11.5 years remaining, with additional rights of renewal and a final lease expiry in 2049. Annual rental increases and market reviews are included throughout the lease.

Located just 15 km north of Whangarei and conveniently positioned off State Highway 1, Hikurangi township is a service town for both locals and the surrounding rural community. The village has had steady growth and is identified as growth node in Whangarei's Strategic Plan. This Educare property is perfectly positioned across the road from Hikurangi Rugby Club and behind the local tennis courts.

Investment Highlights:

• $65,000 annual income
• Long term lease - 11.5 years remaining
• Well regarded national tenant
• Annual rental growth + market reviews
• Room for growth, MOE Licence - 35 children, Resource Consent - 50 children
• 1,510 sqm freehold land
• Settlement Zone - Residential Sub-zone

Call John Haselden (0272 808 980) or Megan McGregor (027 346 4194) to discuss this opportunity further.