Current 7% Net return for this purpose built childcare freehold property in a popular East Auckland location. Licensed for 50. This return is inflation protected with a minimum increase every year of 1%, which is presently better than inflation. Good tenant and effectively run childcare centre with high occupancy. Favourable long term commercial lease in place with rent reviews at CPI or 2% over a 2 year period. The present rent is $129,948 plus GST per annum.
***Some of the details for this business may be subject to strict confidentiality requirements which can only be disclosed upon completion of a confidentiality agreement with the listing agent. These details may include the location, the nature of the business operations, sales performance figures, or other privileged information. Please contact the broker for further details and to arrange an appointment.