Sold
23-25 Norfolk Street,
Regent, Whangarei District
Price withheld
Property details
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Agents
Ray White Whangarei: Goode Leith Realty Limited Licensed (REAA 2008)
131 Port Road, Whangarei Whangarei District 0110
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Central Childcare Investment
An excellent opportunity to purchase a tenanted childcare investment property. Educare, is a well established national childcare business with 25 centres and an excellent reputation. Educare Norfolk Street tenants two buildings on two separate titles. The "Over 2's" occupy the original villa which has been modified to suit, whilst the "Under 2's" occupy a purpose built centre. Both have plenty of parking and excellent play areas.
The 12 year lease which commenced in July 2022 with 2 x 6 year rights of renewal secures a consistent long term income. Regular market rent reviews and a 3% annual rent adjustment within the lease terms ensures the rent value remains up-to-date.
Located on Norfolk Street, the site is one of the closest childcare facilities to the Whangarei CBD. The street sits well above the flood plains and tsunami hazard zone and on very stable land.
Investment highlights:
- Nationwide established childcare centre tenant,
- Licensed for 56 children,
- Over 10 years remaining on current lease term,
- Returning $130,593.70 per annum (+ GST) increasing to $134,511 in July '24,
- Guaranteed rental growth,
- 936 sqm over two freehold titles (more or less),
- Close proximity to Whangarei CBD,
- Good car parking, and
- Excellent buildings.
Don't miss out on this opportunity - call Megan (027 346 4194) or John (0272 808 980) to discuss this secure and thriving investment in the childcare sector.
The 12 year lease which commenced in July 2022 with 2 x 6 year rights of renewal secures a consistent long term income. Regular market rent reviews and a 3% annual rent adjustment within the lease terms ensures the rent value remains up-to-date.
Located on Norfolk Street, the site is one of the closest childcare facilities to the Whangarei CBD. The street sits well above the flood plains and tsunami hazard zone and on very stable land.
Investment highlights:
- Nationwide established childcare centre tenant,
- Licensed for 56 children,
- Over 10 years remaining on current lease term,
- Returning $130,593.70 per annum (+ GST) increasing to $134,511 in July '24,
- Guaranteed rental growth,
- 936 sqm over two freehold titles (more or less),
- Close proximity to Whangarei CBD,
- Good car parking, and
- Excellent buildings.
Don't miss out on this opportunity - call Megan (027 346 4194) or John (0272 808 980) to discuss this secure and thriving investment in the childcare sector.
Explore the area
School catchments
- Whangarei School Primary Years 1-6 State 0.28km
- Whangarei Intermediate Intermediate Years 7-8 State 0.53km
- Whangārei Boys' High School Secondary Years 9-15 State 0.54km
- Whangārei Girls' High School Secondary Years 9-15 State 0.78km
- Te Kāpehu Whetū Composite Years 1-15 State 1.1km
- Renew School Composite Years 1-15 State integrated 1.2km
- Morningside School Primary Years 1-6 State 1.6km
- St Francis Xavier Catholic School (Whangarei) Primary Years 1-6 State integrated 2.0km
- Hora Hora School (Te Mai) Primary Years 1-6 State 2.2km
- Whau Valley School Primary Years 1-6 State 2.3km
- Te Kura O Otangarei Full primary Years 1-8 State 2.8km
- Whangarei Adventist Christian School Full primary Years 1-8 State integrated 3.0km
- Manaia View School Full primary Years 1-8 State 3.4km
- Tikipunga Primary School Primary Years 1-6 State 3.8km
- Te Kamo Intermediate School Intermediate Years 7-8 State 3.9km
- Tikipunga High School Secondary Years 7-15 State 4.1km
- Te Kamo High School Secondary Years 9-15 State 4.3km
- Totara Grove School Primary Years 1-6 State 4.6km
- Te Kamo School Primary Years 1-6 State 4.6km
- TKKM o Te Rawhiti Roa Composite Years 1-15 State 4.8km
- Pompallier Catholic College Secondary Years 7-15 State integrated 5.0km
- Excellere College Composite Years 1-15 State integrated 6.0km
- Huanui College Secondary Years 7-15 Private 6.8km
- Tauraroa Area School Composite Years 1-15 State 19.4km
- Bream Bay College Secondary Years 7-15 State 21.1km
- Mangakahia Area School Composite Years 1-15 State 23.8km
- Te Kura o Waikare Composite Years 1-15 State 43.0km
- Otamatea Christian School Composite Years 1-15 Private 43.4km
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.
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