Property Description

This is a rare chance to acquire a freehold investment property in the heart of the Lakeside master-planned community, currently occupied by a BestStart, New Zealand's largest provider of early learning centres with over 260 centres and 4,500 staff. The 429sqm (approximately) purpose-built centre features a generous 1,000sqm (more or less) outdoor play area and is ideally positioned within the development, just a short walk from all homes.

Located at the entrance of the Lakeside Village Centre, the property benefits from excellent visibility, strong infrastructure, and long-term growth as the region continues to expand rapidly. The retail centre includes a café, general store, barber shop, and Bayleys Real Estate office.

Key Features:

• Very strong long-term tenant in BestStart
• 429sqm (approximately) purpose-built childcare facility, sitting on a land parcel of 1,601sqm (more or less)
• Centrally located within Lakeside estate
• Ample off-street parking and drop-off potential
• Future upside in a high-growth area
• 15-year lease term from 27 Jan 2023 with 2 x 10 year right of renewal options
• Returning $211,398 p.a. net
• Annual increases greater of CPI or 2%
• Licenced for 76 children
• Titles expected Q4 2025