The Opportunity

Centrally positioned in one of New Zealand’s wealthiest suburbs is this premium grade investment featuring a brand new building and an 18 year lease to New Shoots who are one of the most respected and experienced tenants in the ECE sector.

Features:

Net Return $321,100 pa + GST
Annual CPI rent reviews
4 Yearly market reviews
Bank Guarantee
18 Year Lease + ROR’s
Final Expiry in 2052
Quality National Tenant
Brand New Building
1,968sqm Mixed Use Title
Sole Agency – Don’t miss out!

This investment ticks all of the boxes and must be inspected. Call Sole Agents now for further information or to register your interest.

Shoneet Chand 021 400 765, Matt Prentice 021 464 904, Jimmy O'Brien 021 979 001

*Boundary lines are indicative only.

Highlights

Net Return $321,100 pa + GST

Returning $321,100 pa net, the lease offers annual CPI rent reviews, with market reviews every four years and is supported by a 6 month bank guarantee. With a new 18 year initial lease term, there are two further rights of renewal of 6 years each with a final lease expiry in 2052.

Quality National Tenant

New Shoots occupy 17 sites around the North Island and are very well backed being part owned by Milford Asset as well as other highly reputable market experts.

Consented for 95 children, the brand new 598sqm building sits on a 1,968sqm Business Mixed Use freehold/fee simple title with excellent road frontage and easy access from Coatesville Riverhead Highway.