![]() Asset Class: | Multi-Tenanted |
![]() Price: | $ 5000000 |
![]() Net Yield: | 9.22 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | On Market |
Situated in the highly soughtafter Barry Hogan Place, the two storey property is well-located between Blenheim Road, Clarence Street and Matipo Street providing easy access to all parts of Christchurch.<br><br>Providing a net annual rental income of $461,130pa, the ground floor is currently leased to Kindercare, a prominent childcare operator in New Zealand, while the first floor is leased to Voyager Internet, a well-established nationwide Internet service provider.<br><br>The building spans 1,165 sqm with an outdoor dedicated preschool area of 548 sqm and includes 61 convenient car parks.<br><br>For a building of this quality and age you'd be hard pressed to find a better yield in any major NZ city. The Vendor has given very clear instructions. This property must be sold and has set the price accordingly.
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Strategically positioned on the fringe of the city centre with easy access to the wider Christchurch. This Industrial Heavy Zone property enables a broad range of activities suitable to a vast range of businesses.<br><br>Located off Princess Street, access to the CBD, Blenheim Road and the Southern Motorway are within minutes. Local amenity and businesses are fantastic including a pre-school and cafe within the complex and there are plently of local cafe's and restaurants nearby including all the offerings of Tower Junction.<br><br><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);font-style:italic;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;"><i>Christchurch CBD - 2KM</i></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:italic;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;"><i>Christchurch Hospital - 3.3KM</i></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:italic;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;"><i>Christchurch Airport - 8.4KM</i></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:italic;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;"><i>Lyttleton Port of Christchurch - 13.8KM</i></span></p></li></ul>
Additional Location Information File<b><i>Kindercare</i></b><br>At Kindercare Learning Centres, we put people—te tangata—at the heart of everything we do. Doing the mahi as an organisation means fostering strong relationships within our teams and our centre families to create an environment that provides best outcomes for tamariki, enabling them to become capable and confident life-long learners. Here are a few things that really matter to us.<br><br><b>Our Vision</b><br>Kindercare's Vision is to Serve with Love<br>At the heart of Kindercare, we are here to serve tamariki, our Kaiako and our communities—to act, speak and make decisions with kindness and love. By working together to nurture deep relationships with each child, we fully believe that they will contribute to their community.<br><br><b>Our Values</b><br>Kindercare lives our 3 core values - Safe, Loved and Learning. Our values guide our conversations, how we treat each other, and the culture we have created for our children, families and our team. Because our values are so pivotal, they have meaning and purpose in our Kindercare whānau.<br><br><b><i>Voyager</i></b><br><br><b>Connectivity for Kiwis, by Kiwis</b><br>Voyager is your true-blue, down-to-earth, 100% Kiwi owned telecommunications provider. Built on a foundation of passion and expertise, we deliver ultra-fast broadband, voice, domain name, and hosting services to thousands of businesses and homes around New Zealand.<br><br>Whether you’re a tech-head, biz wiz, or your average Joe, we speak your language. Talking to a telco doesn't have to be painful. We strive to answer the phones in less than 60 seconds, so you can get back to the important things faster.<br><br>From traditional home users through to small businesses, enterprise clients, and our partner network, Voyager is dedicated to being the digital transformation partner of choice.
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Childcare: Mar-25 - Mamma Bear Childcare, Christchurch, 170 sqm, Licensed for 50, $117,000 p.a, $45.0 / child / week Aug-24 - The Learning Barn, Timaru, 531 sqm, Licensed for 70, $175,000 p.a, $48.1 / child / week
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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);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Total net income – $461,130 Net + GST & OPEX</b></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;">Ground Floor - Kindercare (Indoor) - 526 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;">Ground Floor - Kindercare (Outdoor) - 547 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;">First Floor - Voyager - 639 sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Total NLA - 1,712.4 sqm (Including Outdoor)</b></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-style:normal;font-weight:normal;">Carparks - 61 total (31 - Kindercare, 30 - Voyager)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Returning 9.22% at the Rethink negotiated price</b></span></p></li></ul><br><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;">Two solid lease terms - Both running into 2029</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;">Established tenant covenants.</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;">Seismic Rating – 100% of NBS, A+ Grade</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;">Surrounded by quality neighbours in a purpose built business park</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;">Easy access from Blenheim Road or SH76</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;">Quality construction and existing fitout</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;">Conventional layout allowing for future reconfiguration</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 sought location for office - Ideal location for a Childcare Centre</span></p></li></ul>