![]() Asset Class: | Child Care |
![]() Price: | $ 1150000 |
![]() Net Yield: | 7.40 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
20 Barnes Steet Timaru presents a compelling opportunity to secure a freehold childcare property on an 847 sqm site in a well-established residential location. The premises have been meticulously maintained, ensuring minimal ongoing maintenance and providing a warm, engaging environment for children and families alike.<br><br>The property was established in 1998 as a childcare centre (an impressive 27 years).The current tenant is operating under the brand of Garden Grove Montessori with the business licensed for 39 children aged over two. A new lease has been secured with a highly experienced multi-site early childhood education (ECE) operator, due to commence soon. Settlement of this property is ideally aligned with the lease commencement date. (Date TBC)<br><br>This is an excellent entry-level freehold investment opportunity, underpinned by a long-standing, successful childcare business. The property is tenanted by an experienced multi-site operator, offering stability and proven performance. Well maintained and positioned in a well-established Timaru location, this asset combines reliability, professional management, and future rental growth potential—making it a smart choice for first-time or seasoned investors alike.
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Timaru is located along the picturesque South Island coastline and offers an attractive blend of urban convienence and coastal charm. Situated in the Canterbury Region, Timaru is strategically positioned between Christchurch and Dunedin, making it an ideal base. This bustling port city, home to around 29,600 residents, stands as South Canterbury’s largest urban area and a key economic hub. With a high GDP, affordable housing— averaging around $512,451—and an accessible lifestyle for all ages, Timaru promises an excellent quality of life. <br><br>The city’s vibrant port, among the busiest in the South Island, supports a robust agricultural service industry, with light manufacturing plants contributing to the processing and distribution of meat, dairy, and other key produce. Timaru's economic base is further strengthened by its position as New Zealand's second-largest fishing port. The nearby industrial suburb of Washdyke connects to State Highway 8, facilitating trade and travel across major scenic and commercial routes through the Mackenzie Country, including Pleasant Point, Lake Tekapo, and Aoraki/Mount Cook. <br><br>Timaru boasts rich recreational offerings, with Caroline Bay beach providing a popular spot for relaxation and family-friendly activities near the town centre. The city's Edwardian and Victorian architecture, crafted from striking local bluestone, adds character to the cityscape. Combining economic opportunity with coastal beauty, Timaru is a place where businesses can thrive and families can enjoy a relaxed, fulfilling lifestyle.
Additional Location Information FileGarden Grove Montessori Preschool is for children aged 2–6 years. It is open Monday to Friday 8.15am to 4.00pm. The centre is open all year with the exception of closing for Statutory holidays and approximately 2 weeks over the Christmas/New Year period. The school is located at 20 Barnes Street, Timaru, South Canterbury, New Zealand.<br><br>The philosophical foundation of the Montessori approach is based on the understanding that learning is a process. In order to develop a child’s physical, intellectual and spiritual being to the fullest, children must have the freedom to develop in an environment that has been prepared and designed specifically for the purposes of achieving concentration, exploration and understanding. This means that teachers observe children’s interests and extend their learning through their interests supported by the Montessori philosophy.<br><br>Teachers at Garden Grove Montessori Preschool promote the respect for children, adults and the environment. The philosophy promotes a supportive community where children look after one another. Teachers promote gentle and caring interactions. Children are supported to learn at their own pace and in their own way. Teachers are committed to supporting parents and families to promote children’s co-operative learning. Teachers encourage children to attend regularly so that they get to know the teachers, so that children begin to form strong friendships with one another and that they establish a sense of belonging.<br><br>Garden Grove opened in 1998 and provided South Canterbury with it’s first Montessori school. It is set up in a lovely garden environment in a spacious outdoor area. The attractive classroom area has child sized furniture and equipment. Specially designed Montessori materials have been imported from overseas. Real life tasks and academic materials promotes children’s interest in reading, mathematics, science, botany, biology, geography and history.<br><br>Individual work with Montessori materials is supplemented with group music, art and outdoor play. Visitors and trips to local events link the children with the local community.<br><br>Garden Grove have highly trained early childhood and Montessori teachers.
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Security Info:
1-Mar-25 - Mamma Bear Childcare, Christchurch, 170 sqm, 50 licensed children, $117,000 p.a, $45.0 pcpw 1-Aug-24 -The Learning Barn, Timaru, 531 sqm, 70 licensed children, $175,000 p.a, $48.1 pcpw 1-Jun-23, Ko Aroha Tuatahi Childcare Centre, Porirua - 284 sqm, 41 licensed children, $88,480 p.a, $41.5 pcpw 1-Mar-23 - Best Start, Claudlands, 220 sqm, 44 licensed children, $87,000 p.a, $38.0 pcpw
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net Leasing Area: 250 sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Rental Income - $85,000 Net + GST & OPEX ($42 per child per week)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Licensed for 39 children over the age of two</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Land Area: 847 sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Parking: 2 Off Street</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Wall Materials: Brick</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Roof Materials: Tile Profile</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Rateable Value: $900,000</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Experienced tenant with multiple centres in their portfolio.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Well-maintained building throughout</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Close to local schools, close to the city centre of Timaru</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Consistent performer with occupancy above 95%.</span></p></li></ul>