- Well located freehold standalone investment

- Attractive long term lease to a well-respected tenant

- Currently returning $173,971.20 + GST per annum (net) with built-in annual growth

- A straight-forward investment opportunity

This is an excellent opportunity to secure two well-located freehold properties within a large residential catchment in the major suburb of Manurewa, Auckland. One comprises a recently completed purpose built facility for a ChildCare Centre that can cater for 40 children, the other comprises a modernised residential villa converted to a ChildCare Centre that can also cater for 40 children. The two buildings are leased to a well respected, privately owned ChildCare Centre operator.

This is a straight-forward investment that ticks all the boxes: two freehold standalone sites, profile position in a major suburb, well-respected tenant, long term lease and built-in rental growth each year. Call for further information and to book your inspection now.

Property Details:

159A Russell Road

Land Area: 804m2

Floor Area: 237.61m2

161 Russell Road

Land Area:827m2

Floor Area: 262.83m2

Tenancy Details

Term of Lease: Ten (10) years

Commencement Date: 08 June 2013

Rights of Renewal: Four (4) x Four (4) years

Net Rental: $173,971.20 + GST

Rent reviews annually with minimum 2% rent increases

Tenders Close (unless sold prior)

4pm, Thursday 31st July 2014

29 Northcroft Street, Takapuna

Auckland.