53 Vickery Street, Te Rapa, Hamilton City, Hamilton

53 Vickery Street, Te Rapa presents an exceptional opportunity to secure a quality tenanted investment, underpinned by an established childcare operator in a sought-after Hamilton location.

Fully leased to a long-standing childcare business on a new 15-year lease with renewal rights, the property provides a strong net holding income of $226,200 per annum plus GST and outgoings with fixed 2% annual rental increases, plus 3 yearly market reviews. 

Constructed in 2010, the purpose-built childcare centre comprises a modern single-level facility featuring multiple classrooms, open plan learning spaces, air-conditioned teaching areas, and well-appointed staff and administration amenities. The property is complemented by generous onsite car parking, secure boundary fencing and gates, together with sealed external areas and concrete pathways.

The centre offers a well-presented and functional early learning environment, catering to families within the surrounding residential and commercial catchments. The property benefits from strong underlying demand for childcare services and a tenant operating within a resilient sector.

Features:

* Licenced for 75 children

* Returning $226,200 per annum + GST and outgoings, with fixed 2% annual rental increases

* New 15-year lease

* 1,835m² site area

* 400m² floor area (floor area is approximate)

* Development potential