FOR SALE: Both properties to be sold as one package. An excellent opportunity to purchase this tenanted investment. The current tenant is a well established thriving childcare business with an excellent occupation rate. Both properties currently return a combined $155,000 net p.a. + GST + outgoings. The tenant has just confirmed that it is exercising its 6 year right of renewal taking the current lease term out to 31 July 2027. The current building structure consists of two 1960s houses each on their own titles offering 1,350 m² (more or less) combined site. These two separate dwellings make up the very well-known BestStart Educare Limited. The tenant has carried out extensive improvements to the properties with one having undergone a significant expansion to the building. In the long term, there is an opportunity for a purchaser to develop this Business - Mixed Use zoned property. The two properties are only a short stroll to the shopping centre which offers excellent amenities and eateries in abundance, including Countdown supermarket, McDonald's and Village Wine & Spirits. This area has become very popular over the past decade with new housing as it is close to the western motorway, offering convenience for commuting to the CBD and North Shore. There is the option to purchase 633 & 635 Te Atatu Road as one two-property package, or as part of a three-property package which includes Unit 4/1-3 Rhone Avenue, Te Atatu and 10/175 Millwater Parkway, Millwater. Key Features: - Tenanted investment with long term future re-development potential - Returning $155,000 p.a. + GST + OPEX over two titles - Leased to established well-known childcare centre - Close proximity to the thriving town centre - Growing residential development within the area - Approx. 7 car parks plus good street parking - Close to schools, buses, and motorway access - Lease term to 31 July 2027 For more information and an appointment to view this property, please contact the agent at NAI Harcourts Cooper & Co today.