Sold
18a Park Street,
Hikurangi, Whangarei District
NZD 883,000
Property details
-
Agents
Ray White Whangarei: Goode Leith Realty Limited Licensed (REAA 2008)
131 Port Road, Whangarei Whangarei District 0110
-
Secure Childcare Investment
Perfectly positioned, nicely appointed and with room for expansion, this childcare investment in Hikurangi is seriously for sale.
With their exceptional tenant covenants, premium landholdings and enduring investment potential, childcare investment properties are highly coveted.
Boasting a net return of $65,000/annum + GST & OPEX, the initial lease term of 15 years still has 11.5 years remaining, with additional rights of renewal and a final lease expiry in 2049. Annual rental increases and market reviews are included throughout the lease.
Located just 15 km north of Whangarei and conveniently positioned off State Highway 1, Hikurangi township is a service town for both locals and the surrounding rural community. The village has had steady growth and is identified as growth node in Whangarei's Strategic Plan. This Educare property is perfectly positioned across the road from Hikurangi Rugby Club and behind the local tennis courts.
Investment Highlights:
- $65,000 annual income
- Long term lease - 11.5 years remaining
- Well regarded national tenant
- Annual rental growth + market reviews
- Room for growth, MOE Licence - 35 children, Resource Consent - 50 children
- 1,510 sqm freehold land
- Settlement Zone - Residential Sub-zone
Call John Haselden (0272 808 980) or Megan McGregor (027 346 4194) to discuss this opportunity further.
With their exceptional tenant covenants, premium landholdings and enduring investment potential, childcare investment properties are highly coveted.
Boasting a net return of $65,000/annum + GST & OPEX, the initial lease term of 15 years still has 11.5 years remaining, with additional rights of renewal and a final lease expiry in 2049. Annual rental increases and market reviews are included throughout the lease.
Located just 15 km north of Whangarei and conveniently positioned off State Highway 1, Hikurangi township is a service town for both locals and the surrounding rural community. The village has had steady growth and is identified as growth node in Whangarei's Strategic Plan. This Educare property is perfectly positioned across the road from Hikurangi Rugby Club and behind the local tennis courts.
Investment Highlights:
- $65,000 annual income
- Long term lease - 11.5 years remaining
- Well regarded national tenant
- Annual rental growth + market reviews
- Room for growth, MOE Licence - 35 children, Resource Consent - 50 children
- 1,510 sqm freehold land
- Settlement Zone - Residential Sub-zone
Call John Haselden (0272 808 980) or Megan McGregor (027 346 4194) to discuss this opportunity further.
Explore the area
School catchments
- Hikurangi School Full primary Years 1-8 State 0.55km
- Kaurihohore School Primary Years 1-6 State 4.7km
- Excellere College Composite Years 1-15 State integrated 7.8km
- Matarau School Full primary Years 1-8 State 8.5km
- Totara Grove School Primary Years 1-6 State 9.2km
- Te Kamo School Primary Years 1-6 State 9.3km
- TKKM o Te Rawhiti Roa Composite Years 1-15 State 9.3km
- Te Kamo High School Secondary Years 9-15 State 9.4km
- Hurupaki School Primary Years 1-6 State 9.6km
- Te Kamo Intermediate School Intermediate Years 7-8 State 9.9km
- Tikipunga High School Secondary Years 7-15 State 10.0km
- Glenbervie School Primary Years 1-6 State 10.1km
- Tikipunga Primary School Primary Years 1-6 State 10.1km
- Huanui College Secondary Years 7-15 Private 10.2km
- Whangarei Adventist Christian School Full primary Years 1-8 State integrated 10.8km
- Te Kura O Otangarei Full primary Years 1-8 State 11.0km
- Whau Valley School Primary Years 1-6 State 11.4km
- St Francis Xavier Catholic School (Whangarei) Primary Years 1-6 State integrated 11.7km
- Whangārei Girls' High School Secondary Years 9-15 State 12.9km
- Whangārei Boys' High School Secondary Years 9-15 State 13.2km
- Te Kāpehu Whetū Composite Years 1-15 State 14.7km
- Renew School Composite Years 1-15 State integrated 14.7km
- Pompallier Catholic College Secondary Years 7-15 State integrated 16.0km
- Mangakahia Area School Composite Years 1-15 State 25.1km
- Te Kura o Waikare Composite Years 1-15 State 29.4km
- Tauraroa Area School Composite Years 1-15 State 30.9km
- Bay of Islands College Secondary Years 9-15 State 31.1km
- TKKM o Taumarere Composite Years 1-15 State 33.6km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
Find out how much home loan repayments will be
It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.
Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.