![]() Asset Class: | Child Care |
![]() Price: | $ 1950000 |
![]() Net Yield: | 7.99 % |
![]() Net Yield - including solar strategy: | % |
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63 Belmont Road presents a rare opportunity to secure a dual-building commercial property in the heart of Paeroa’s main street, with dual frontage extensively through to Marshall Street at the rear. Extensively renovated in 2015/2016—and further upgraded in recent years—both buildings have been structurally strengthened and purpose-fitted for use as a licensed childcare centre.<br><br>The 1,366 sqm site area has two titles, 10 off-street car parks and plenty of surrounding car parking with three road frontages including Paeroa’s main road (Belmont Road or SH2). There is a total floor area of 552m2 (more or less), large covered and uncovered play areas.<br><br>The property offers purpose modified buildings with kitchens, changing tables, kids and adult’s toilets, sound proofed sleeping rooms and play areas. The childcare centre has undergone significant renovations including purpose-built areas refitted in recent years.<br><br>The premises commenced the original lease in February 2015. The current tenant is an experienced early childhood operator—who manages multiple centres in the region and assigned the lease in 2022. The centre is licensed for 80 children, including up to 30 under the age of two, and operates weekdays from 7:30am to 5:30pm.<br><br>The interior of the building is essentially an open plan layout, with generous stud height creating an air of spaciousness, with the main entry now being orientated to the western façade. We note the installation of an administrative office and reception area, staff toilet facilities, staff resource room and children’s sleep area towards the western end of the building with central areas being predominantly open space, including the kitchen and children’s toilet facilities against the northern wall.<br><br>Such conversion works appear to have been undertaken to a very good standard, and kitchen joinery includes good quality fittings such as granite bench tops whilst the children have “mini” porcelain toilet fittings to use<br><br>Building Two has been similarly re-configured, with the children’s and disabled person’s toilet facilities as well as a smaller kitchen. If necessary, this portion of the tenancy could serve as a separate business operation, although that is unlikely. Instead, it is now used for then older age group.<br><br>In particular, conversion works have included the removal of two galvanised steel gantry roller doors and installation of aluminium framed ranch sliders in their place.<br><br>Interior finishes within both buildings include a mix of vinyl and carpeted floor coverings and paint finish to the plasterboard wall surfaces which have the timber panelling to dado height.<br><br>The property is offered for sale as the current owners transition to new ventures, this well-positioned property represents a solid, hands-off investment with long-term potential.
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In the heart of the Hauraki District, Paeroa is a vibrant town known for its rich history, scenic beauty, and welcoming community. As the central service hub for the region, Paeroa sits at the crossroads of State Highways 2 and 26, making it an accessible and strategic location for business and commerce.<br><br>Famous for its historic gold mining past, breathtaking landscapes, and as the home of the iconic "Lemon & Paeroa" soft drink, Paeroa attracts visitors and locals alike with its unique charm. It serves as a gateway to the Coromandel Peninsula, the Karangahake Gorge, and the Bay of Plenty, offering a perfect blend of history, adventure, and opportunity.<br><br>Paeroa is popular with families, giving them access to big city perks while letting them enjoy the charm and peace of a historic town. With its rich history and close-knit community, Paeroa offers that stable blend of past and present, making it an ideal place for those seeking a balanced, relaxed lifestyle.
Additional Location Information FileRiverglade Childcare, located at 63 Belmont Road in Paeroa, operates as an education and care center licensed by the Ministry of Education for up to 80 children, including 30 under the age of two. It serves children from six months to six years old, offering full-day programs from 7:30 AM to 5:30 PM on weekdays. <br><br>The centre, previously known as Wee Wisdom Montessori Paeroa, came under new ownership in April 2019 and was rebranded as Kids Collective Paeroa before adopting its current name. It provides a curriculum focused on a range of experiences to enhance children’s learning and development, with teachers engaging in meaningful, positive interactions to build reciprocal relationships. The center acknowledges Māori as tangata whenua, incorporating opportunities for children to explore Aotearoa New Zealand’s dual cultural heritage.
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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;">560 sqm NLA split across two main buildings</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$155,810 Net + GST & OPEX</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Licensed for 80 children</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$282 / sqm or $37.50 per child per week (A metric commonly used for Childcare Centres)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Purpose modified premises, Fully refurbished in 2015 for the ECE</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;">Highly visible location on the main strip with Paeroa with rear access and parking</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;">Stable, long-term tenant who operates another ECE locally </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;">Strong Return on investment of 7.99%, supported by a Valuation report (Available)</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;">Commercial zoning</span></p></li></ul>