![]() Asset Class: | Child Care |
![]() Price: | $ 980000 |
![]() Net Yield: | 7.00 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | On Market |
247 Westminster Avenue, Tamatea has been well maintained and refurbished by the current owners since they bought it in 2021. The business Bay Buddies Preschool Tamatea is licensed for 27 child places, including up to 10 children under the age of two years. <br><br>The owners have operated the business since 2021 and in that time have made significant improvements to the educational programme and learning environment offering a property investor a low maintenance freehold investment.<br><br>Bay Buddies offers a Montessori-based curriculum designed to foster independence and resilience in children aged from infancy to preschool.<br><br>The preschool is divided into distinct areas to cater to different age groups:<br><br><b>Nursery (0-2 years):</b> A peaceful, separate space with a private outdoor environment, limited to 10 to ensure personalized attention.<br><b>Toddler and Preschool Area:</b> A larger environment that encourages exploration, featuring organized indoor and outdoor learning spaces.<br><br>The curriculum encompasses various learning areas, including practical life skills, sensorial activities, mathematics, language, arts, science/culture, and nature exploration.
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Napier, a vibrant coastal city in the Hawke’s Bay region, is a key economic and trade centre on the eastern coast of the North Island. With a population of approximately 67,500 as of June 2024, Napier, alongside its neighbouring city Hastings, forms the Napier-Hastings Urban Area—New Zealand’s sixth-largest urban centre, home to over 132,000 residents.<br><br>Renowned for its picturesque seafront, Norfolk pine-lined esplanade, and worldfamous Art Deco architecture, Napier also boasts a strong and diverse economy.<br><br>The city is home to the primary export seaport for northeastern New Zealand, serving as a critical gateway for industries such as agriculture, viticulture, and manufacturing. <br><br>As the nexus of the largest wool centre in the Southern Hemisphere, Napier plays a pivotal role in global trade, exporting high-quality wool, frozen meat, timber, and wood pulp.<br><br>Tamatea is a well-established suburb in Napier, known for its family-friendly atmosphere, excellent amenities, and convenient location. Situated about 4 km southwest of Napier’s city centre, Tamatea offers a mix of residential housing, green spaces, and community facilities and schools, making it an attractive area for families, retirees, and professionals.
Additional Location Information File<b>An Exciting Place of Exploring and Learning</b><br><br>Welcome to Bay Buddies Hawkes Bay. We are privately owned, and our mission is to enable children to begin their learning journey through life in a safe, fun, nurturing and enriching environment. Our centres in Hawkes Bay are calm, warm and nature friendly, with home-like indoor and outdoor environments and well-organised learning areas. <br><br>Bay Buddies children can work, play and learn alongside others of mixed abilities, genders, ages, and cultures and learn to be receptive, cooperative, warm and graceful in a positive, fun atmosphere. <br><br>Our teaching is based on the Montessori philosophy and learning methods. It is our mission to provide a high-quality Montessori environment that enables children to begin their learning journey through life. Our undertaking is to cultivate a life-long love of learning in our children, inspiring them to realise their full potential. Our children will grow to be confident and knowledgeable learners who are healthy in mind, body, and spirit so that they go on to make a valued contribution to the community and the wider world.<br><br>We welcome visitors to our Nursery & Montessori Preschool. We encourage you to book a time for a tour of our centre to meet our team and see our calm learning environment in action.<br>
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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;">Proposed Rental Income of $68,500 Net + GST & OPEX </span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">($49 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;">7% return on Rethink Negotiated Price</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;">Annual CPI Rental Reviews and Three (3) Yearly Market Reviews</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 27 children including 10 under 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;">NLA of 109 sqm on a 585 sqm site</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;">Freehold title</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;">Recently refurbished building that has been well-maintained</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;">Proven tenant with strong engagement with the local community</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, and a short drive into the city centre of Napier</span></p></li></ul>