Reduced - Childcare Freehold Investment

Dunedin

$1,380,000

Proposed Usage
Development Site
Land Area
1138.00 m²
Description:
Property ID
1c2rd2t

This well established and recently refurbished Childcare Freehold building is an ideal investment for a hands off investor wanting future capital gain.

Currently licensed for 68 places, the large 1138m2 property has capacity to expand further to circa 95 child places should the tenant wish to expand their business in future, (subject to approvals).

Situated in a strategic location, being a catchment area for the ever-increasing housing developments of the wider South Dunedin area, makes this site and building a sensible investment purchase.

Take a closer look at the benefits:

* Rental $99,008 + GST
* Term 10 years and 2 x 5 year options
* An experienced tenant with a growing portfolio of centres
* Scope to grow the value through future license expansion (subject to approvals)
* Annual rent reviews, CPI or 1% whichever is greater
* Next market review Sept 2019, 3 yearly thereafter.

This is ideally suited to anyone wanting a hands off investment that offers capital gain through future rental growth.

Price $1,380,000 + GST if any (7.2% Return on Investment).

Email for a confidentiality agreement today, or call Jono - 021 045 3871 / Linda - 022 354 9189..

Enquire about this property

Dunedin Area