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ID#581158
512 Cambridge Road,
Tauriko
Tauranga
Private Treaty Sale
535m²
(5,758.69 sq.ft.)
2,455m²
(26,425.37 sq.ft.)
proudly marketed by
Rory Brown
Success Realty Ltd MREINZ
New 18-year lease!
This investment opportunity features a prominent nationwide childcare business, New Shoots Children's Centre Limited, and offers a substantial annual return of $336,804 plus GST and outgoings. This asset represents a truly passive, low-maintenance investment, ideal for those seeking a secure addition to their portfolio.
Located on approximately 2,455sqm of land, the property is well positioned on a high-profile arterial road with convenient access to nearby commercial and residential areas. The facility has consent in place for 103 children and will transform into a modern and sustainable childcare centre that will be fully refurbished internally, externally and extended prior to lease commencement.
New Shoots are considered a market-leading operator who have over 17 childcare facilities throughout the North Island. The property is secured by a long-term, 18 year, initial term of lease that includes built-in rental growth, ensuring both income stability and the potential for property appreciation. This combination of a strong, resilient sector and the opportunity for capital growth makes it an attractive and profitable choice.
This bottom draw investment is not to be missed!
For sale by deadline private treaty (unless sold prior), closing 4pm, Thursday 31st October 2024.
For a full information pack or to discuss your requirements, please contact the sole agents:
Rory Brown 022 490 1437
Christy Arundel 027 247 4789
Location
Agent
Rory Brown
Success Realty Ltd MREINZ
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Rory has recently returned to New Zealand after six years in Dubai where he worked for one of the leading real estate companies within a competitive environment of over 500 other real estate companies in the city.
Rory’s professional approach to his work and clients led him to be one of the most successful agents within the large sales team of over 60 agents in the company. Rory was the youngest agent promoted into the company’s senior management team and was responsible for managing his own sales team within the agency.
Rory joins the Bayleys Tauranga Commercial team working under the experienced Lloyd Davidson and is relishing the opportunity and challenge of working in Tauranga’s thriving commercial property market.
Rory and his wife Kim along with their three young children are proud to call Tauranga home now and look forward to raising their family here and getting involved within the community. Rory is a keen sportsman and enjoys his Fishing, Rugby, Squash and Golf.
Rory builds his client relationships based on integrity, transparency and commitment to achieving great results. If you are looking for a commercial real estate agent in Tauranga for your commercial and industrial property needs, make sure to get in touch with Rory.
read moreThis property was photographed by
Josh McIvor
Media Specialist
Bay of Plenty
ID#581158
512 Cambridge Road,
Tauriko
Tauranga
Private Treaty Sale
proudly marketed by
Rory Brown
Success Realty Ltd MREINZ