Wairau Valley, North Shore City, Auckland, 85-87 Ellice Road NSC37765

- Prime tenancy for sale in new commercial and residential development with new 8-year lease to branded gym franchise - Final stage currently under construction with completion expected January 2023 - 150 on-site customer car parks - Sought after Rototuna North location close to significant new and growing residential housing and major arterials This new development is situated on the corner of Borman & Horsham Downs Roads and aside from the gym, consists of a medical centre, superette, a number of retail outlets and residential accommodation. The development is on the northern side of Hamilton City and has a wide residential catchment with four new schools opened in recent years. This area of Hamilton has been the fastest growing residential area in recent years.

- Handy CBD location offering easy access for both staff and clients - 450sqm (approx.) of ground floor offices plus 74sqm on the first floor - Potential for multiple tenancies with two existing entrances - Freehold title of 599sqm (more or less) - Desirable on-site car parking - Would suit owner-occupier, investor or developer - Attract price bracket - Owner committed elsewhere Situated towards the northern end of Hamilton's CBD, this area is predominately occupied by commercial and professional service organisations, with near neighbours including Classic Builders, NZ Home Loans, Blue Wallace Surveyors and Connect. Parts of the surrounding area are going to be redeveloped, such as 25 Harwood Street (ex WSP Opus), which will become a mixed-use multi-level development, incorporating commercial office on the lower levels with apartments above.

NAI Harcourts is excited to bring to the market, for the first time in 22 years, a well-established childcare property located at 55 Browns Bay Road. This is an excellent opportunity for a childcare investor! 55 Browns Bay Road is a tenanted investment occupied by an established Preschool and Childcare Centre since 2000 and licensed for 39 children. The property comprises a 1,012 m² (more or less) site held in two separate titles zoned Residential - Mixed Housing Urban Zone. It consists of two 1990s units with a total floor area of 170 m² (approx). Unit 1 at the rear is configured for infants and children under 2's, while Unit 2 at the front is configured for children over 2 years old. Returning $85,257.88 p.a. + GST + outgoings, the tenant has carried out extensive improvements to the properties over the years. Key Features: - Childcare Investment with Potential Redevelopment Opportunity - Returning $85,257.88 p.a. + GST + Outgoings over Two Titles - Current Term to 2 October 2025 with Rights of Renewals - Leased to Established Preschool / Childcare Centre - Close Proximity to Browns Bay Town Centre - Five Car Parks with Ample Street Parking The property is for sale by Deadline Private Treaty, 4pm 31st March 2022 (unless sold prior). For more information and an appointment to view this property, please contact the sole agent at NAI Harcourts Cooper & Co today. To download further information please copy and paste this link into your browser: http://www.propertyfiles.co.nz/property/NSC37767 NOTE: all outlines in images are indicative only