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News Release

AUCKLAND

Investment opportunity in booming Waiuku

Purpose-built childcare centre for sale


 

 

Historic Auckland landmark the General Building for sale/new-zealand/en-gb/news/851/historic-auckland-landmark-the-general-building-for-saleAucklandHistoric Auckland landmark the General Building for sale
Significant piece of industrial land for sale /new-zealand/en-gb/news/848/significant-piece-of-industrial-land-for-saleChristchurchSignificant piece of industrial land for sale

jll-childcare-waiuku.jpgJLL is marketing a new purpose-built childcare centre for sale in Waiuku. 

The 316sqm property is on a 1,012sqm site at 18 Martyn Street and is tenanted by childcare provider Little Ants on a 10-year lease from January 2016, with two rights of renewal of 10 years each. 

JLL agents Alex Wefers and Everett Jaura are marketing this freehold property through an expressions of interest process. 

“The property brings in $130,000pa in net rental and rent increases are written into the annual review,” Wefers says. “This centre is licensed for 60 children including 15 under-twos.”

“Many Auckland families are choosing to move further away from the city in search of cheaper property, larger sections and the country lifestyle. It’s possible to drive from Waiuku to the city in 50 minutes if you avoid the peak traffic times,” Jaura says.

Located 40km southwest of Auckland city, the property is just 500 metres away from Waiuku’s main shopping and commercial centre and borders a residential area. 

“The town supports local farming and is also home to many employees of the nearby steel mill at Glenbrook. It’s an area that is forecast to grow quickly over the next 10 years. The population within a 10km radius is forecast to increase by 23 percent between 2018 and 2028,” Jaura says. “Over the same period, the population of the Auckland region is forecast to grow by 15 percent and New Zealand’s total population by 9 percent.

“The Franklin Local Board area is forecast to grow by 24 percent over that time,” he says. 

The property has two street frontages with the main entry from Domain Street.  

The single storey building has been designed with all of the necessary spaces for childcare in mind. 

“There is an 84sqm room for the pre-schoolers, a 42sqm room for the toddlers, another 42sqm room for babies and an 11sqm room for nap time,” Wefers says. “The property has all of the necessary amenities including a kitchen, bathrooms, storage, parking and of course outdoor play areas. 

“An astute investor will instantly recognise the upside potential here. As a business, a childcare centre has good, stable cashflow. The location allows the investor to participate in and benefit from Waiuku’s growing appeal and rapidly rising property values,” Jaura says. 

The expressions of interest process closes on August 11 at 5pm.

Sources: JLL Research and Consulting; Statistics New Zealand 

Read the New Zealand Herald story here​