Childcare Freehold Investment

Rangitikei

$1,100,000

Proposed Usage
Development Site
Land Area
1889.00 m²
Description:
Property ID
1c6gcjq

Highlights:

- Marton is a charming rural town located in the Rangitikei district of the Manawatu-Wanganui region, about 35 kilometres south-east of Wanganui and 40 kilometres north-west of Palmerston North.

- The childcare tenant is a very experienced childcare operator with various centres situated throughout the North Island.

- This attractive purpose built centre is licensed for 59 children on a section of approximately 1900m2 and very good off street parking.

- The Lease commenced in 2016 with an initial lease term of 10 years, and 4 further Rights of Renewal of 5 years each, final expiry 2046.

- The annual rental was just increased on 1 July to the new figure of $78,642.75 plus GST and all normal outgoings.

- Rent reviews are annual at CPI or 1%, whichever is the greater.

Freehold Property Asking Price $1,100,000

Please contact Anthony Gilbert - 021 784 865 or Linda Harley - 022 354 9189 for more information .

Enquire about this property

Rangitikei Area