Childcare Freehold with 7.4% ROI - Wellington 2

Wellington

$800,000

Proposed Usage
Development Site
Land Area
516.00 m²
Description:
Property ID
1c4p7dc

This well established childcare freehold building is an ideal investment for a hands-off investor wanting a good rental income and future capital gain.

The property of more than 500m2 has been licensed as a childcare centre for more than 20 years.

Take a closer look at the benefits:

- Rental $59,200 + GST
- Term 10 years with 4 further Rights of Renewal of 6 years each
- Tenant is an experienced operator with an existing portfolio of centres
- Annual rent reviews from April 2021, CPI or 1% whichever is greater
- Market reviews every 5 years thereafter

Price $800,000 (+ GST if any) (7.4% Return on Investment)

Munish - 021 113 9768.

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Wellington Area