SOLD - Childcare Freehold Investment Property 6.5% ROI - Blenheim $1,480,000

If you are tired of low returns in the bank, take a closer look.

On offer is a childcare freehold investment that incorporates two properties under the one lease.

Established in 2008, the premises are converted residential properties which have been refurbished and present well to offer services for up to 60 childplaces across two properties.

With a 10 year first term and further rights of renewal you will enjoy the long term tenure of the encumbant tenant.

First Term of 10 years from commencement and further rights of renewal

Annual rental increase - CPI
Market reviews in place to offer rental growth
100% OPEX
Experienced tenant since 2017
Occupancy consistently above 90% through the year
Convenient Blenheim Location
A return of 6.5% per annum based on the current rental.

Price  $1,480,000 (+GST if Any)