45 Connor Street Wanaka, Queenstown Lakes District

Located in a central township location this modern purpose built freehold property was established in 2008 and has been providing quality childcare services to the local community since then.

This sound investment offers the benefits of a substantial national childcare operator as tenant on a long lease term, paying an annual rent of $133,000 plus GST and Outgoings. An agreement is in place for this to increase to $150,000 plus GST and Outgoings per annum from 1 April 2021.

The purpose built 352sqm early education centre includes 19 car parks. The site is currently zoned for Low Density Residential with a Resource Consent in place to operate an Early Childhood Centre.

As landlord, you can take comfort from the demand and growth of the child care industry is strong. With a purpose built facility in a prime location to key arterial routes.

The current tenant has a lease in place through to 2035, with a five year review process, licensed to operate with 66 children.

Features:

Great central location
Land Area 2197sqm metres
Long lease, plus rights of renewal
Well established business and tenant in place

This really is a property to be proud of and include in your investment portfolio.

For further information complete the online Confidentiality Agreement via the link below.

Contact Mitch Campbell mitch.campbell@raywhite.com

To download the property documents, please visit http://rwwanaka.co.nz/WNK22788#documents