Reduced Childcare Freehold Property Investment $1,450,000 7.8% ROI Wellington Region
If you are on the market for a hands off childcare investment with potential future rental growth, take a closer look at this opportunity. The motivated vendor has reduced the price to meet the market, offering a 7.8% return on investment.
Built on 1316m2 (more or less), this freehold property is in a conveniently central location close to primary and secondary schooling, shopping and close to Taita Railway Station offering excellent public transport into the Lower Hutt CBD, Wellington/Upper Hutt and the Wairarapa.
Licensed for 52 places with outdoor play space, this property has been purpose modified by the existing tenant for the provision of child care for in this family friendly community.
You can take comfort from the fact the long term tenant is a multi-centre childcare operator with a proven history.
The annual rent is currently $113,878 + GST. with the next rent review June 2024
With annual CPI rent reviews and market rental reviews in place for the long term lease, this investment offers solid capital gains going forward.
With a secure tenant, this property is a quality investment suited to an astute investor.
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Asking $1,450,000 +GST if any (7.8% ROI)