Top Papakura childcare site comes into play for investors

• Published date: 20 April 2024
• Publication title: Weekend Herald

The more than 1400sq m site on a high-profile corner on Great South Rd is home to All About Children Papakura. The purpose-built centre is licensed for 85 children in an established residential catchment with numerous schools

The facility forms part of Kids World Education Group which has a network of 12 childcare centres across Auckland, Wellington and Manawatū.

All About Children occupies the Papakura premises on a 15-year lease that commenced in 2018 with rights of renewal until 2053. The lease generates an annual net rental return of $259,944 plus GST, with built-in rental growth.

The freehold land and buildings housing the childcare centre at 336 Great South Rd are being marketed by Tony Chaudhary and Lalit Arya of Bayleys South Auckland for sale by deadline private treaty closing Tuesday April 23, unless sold earlier.

Chaudhary said the property encompassed approximately 510sq m of buildings on 1419sq m of land with 17 on-site carparks.

“The smart, modern two-level centre is purpose-built and architecturally landscaped, and contains dedicated spaces for infants, toddlers and pre-schoolers. This beautiful learning environment comprises three separate play areas, sleeping rooms, children’s bathrooms and a kitchen on the ground floor, plus staff offices, another kitchen and storage upstairs. The interior spaces are complemented by some 425sq m of outdoor area with an enclosed deck.

“Positioned on a corner with excellent exposure to arterial Great South Rd and Butterworth Ave, the property has...