Feilding 9 Gladstone Street

ID BC98329
Tender   17 November 2021   |   240 Broadway Avenue, Palmerston North   |   4:00pm

Long term lease - newly built childcare

This recently constructed (2020) single level building offers a great investment opportunity in the vibrant growing town of Feilding. Leased to Puddleducks Nursery and Preschool on a twelve year net lease from July 2020, with a current rental of $190,125pa plus GST and outgoings. The 2023m2 property (more or less) is located on the fringe of Feilding's CBD opposite New World supermarket, a busy and upgraded commercial location. The 523m2 building (more or less) was purpose built and includes teaching areas, kitchen, staff room, laundry as well as outdoor play areas and on-site carparking. Puddleducks is a long-standing business, operating successfully for over twenty years, and has seven facilities across Feilding, Palmerston North and New Plymouth. Feilding is experiencing continued growth with a primary catchment of around 16,800 people and forecasted to grow to over 22,000 in the near future. Sold by Tender.
• 12 year net lease
• $190,125 + GST p.a net rent
• Newly constructed
• Secure rental return
• Established tenant
CHATTELS  Please refer to the attached Premises Condition Report which specifies the items at the property which belong to the Vendor and will pass on settlement. The Tenant owns the signage and security and surveillance system at the property.
Area | 521.00m2Land | 2023 m2Rates | $11,565 incl GSTRegional rates | $1,040 incl GSTLV | $370,000RV | $1,580,000
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Ian Steele

M  027 441 1235  P  06 323 1527

Joanne Steele

M  027 441 1234  P  06 323 1526

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