Childcare investment in high-growth area
A newly built, architecturally designed, high-quality childcare facility is for sale on a high-profile corner site in north west Auckland.
Located in one of the fastestgrowing areas of Auckland, the freehold property on the corner of State Highway 16 and Taupaki Road is superbly positioned to capture demand for childcare within a huge residential catchment.
It is situated on a commanding
8,000sq m site by the intersection of State Highway 16, giving it massive exposure to more than 30,000 passing vehicles every day.
The property is underpinned by a new 15-year lease to an established and experienced childcare operator, making it an ideal opportunity to secure a long-term passive investment with strong tenant covenant.
It comprises a premium, purposebuilt childcare facility with a net lettable area of 818sq m including
185sq m of decks and canopies. Colliers International has been exclusively appointed to market 455 Taupaki Road for sale by deadline private treaty closing at 4pm on Wednesday 12 August, unless it is sold earlier.
Director Shoneet Chand says it offers enviable investment fundamentals.
“This is an opportunity to secure a unique, premium-grade childcare investment in a high-growth Auckland location.
“Consented for 120 children, the investment is underpinned by a highly experienced tenant, Kid Country, on a new 15-year initial lease.
“Returning $355,680 in net annual rent, the lease offers annual rental growth at CPI, with market reviews throughout and a hard ratchet clause for long-term security.
“Two rights of renewal or 10 years each provide a final expiry date in 2055, making this an ideal bottomdrawer investment.”
Chand says the property also offers the added benefit of highquality, low-maintenance new construction.
“Purpose-built for the operators, the property was designed by Collingridge and Smith Architects and constructed by Cassidy Construction, who are both well respected in the industry.
“Another unique feature is the large freehold corner site with 37 car parks, in a very strategic, high-growth location.
“This really is one of the most impressive childcare offerings in Auckland.”
Josh Coburn, Director of Colliers International’s West Auckland office, says the property is strategically positioned in a gateway location between numerous high growth town centres in Auckland’s burgeoning northwest.
“Childcare is particularly sought after in fast-growing areas like Auckland’s northwest, where the residential catchment skews towards younger households and first home buyers.
The lease to Kid Country, an experienced developer of high-quality childcare centres, is backed by multiple guarantees.