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Brand New Investment 15yr Lease + Bank Guarantee

997m2 freehold title | Returning $206,336 pa net (approx) | 15 year lease

 
 
45 Greenhithe Road 1
45 Greenhithe Road 2
45 Greenhithe Road 3
45 Greenhithe Road 4
45 Greenhithe Road 5
45 Greenhithe Road 6
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45 Greenhithe Road 9
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45 Greenhithe Road 19

The Opportunity

Perfectly positioned on a 997m² freehold site directly across from the Greenhithe Pony Club and 120 metres away from Greenhithe School, is this top quality childcare investment we are exclusively offering for sale by Auction on 27th October 2021 (unless sold prior).

Features: 

  • Returning $206,336 pa net (approx)
  • 15 year lease commencing Oct 2021
  • Experienced operator with multiple centres
  • 997m2 freehold title in prime North Shore location
  • 120 metres from Greenhithe School
  • Exceptional bottom drawer investment
  • 2 Further terms of 10 years each
  • Final lease expiry in 2056
  • 12 month bank + personal guarantees
  • Greater of 2% or CPI annual rent increases
  • 466 building floor area + 331sqm outdoor playground/landscaped area + 11 car parks

Viewings are strictly by appointment only. Call either of the Sole Agents now to register your interest or to arrange a viewing.

*Boundary lines are indicative only.


Highlights

45 Greenhithe Road slide 1.0

15 year lease commencing Oct 2021

Featuring a new 15 year lease term to an experienced operator and a modern, brand new building, this is an exceptional bottom drawer investment in a tightly held Auckland location. The early childhood education sector in New Zealand benefits from substantial government support and is proving to be a highly sought after investment class.

45 Greenhithe Road slide 2

Returning $206,336 pa net (approx)

Returning $206,336 pa net + GST & OPEX, the lease offers fixed rental growth with annual increases of between 2% - 2.5% per year, as well as market reviews throughout the lease term and a final expiry in 2056. The lease is further supported by personal guarantees from three directors and a 12 month bank guarantee for Rent & OPEX.


The Agents

Shoneet Chand - NEW BRAND

Shoneet Chand

Director

Auckland North

Licensed under the REAA 2008

Matt Prentice-1

Matt Prentice

Director

Auckland North

Licensed under the REAA 2008


Location


Sales Process

AUCTION 27TH OCT 2021 11:00:00 (UNLESS SOLD PRIOR)


Enquire Today