Our latest syndication offer is a portfolio of fully tenanted early childhood centres offering a projected return of 6.6%* PA to investors, paid monthly.
We believe this is a solid investment opportunity given the strength of the leases, the nature of the tenants and the early childhood sector.
*Projected pre-tax return for full one-year period. Details on how the return will be calculated, and the risk associated with the investment and return, are set out in the Information Memorandum.
Key Investment Details
+ 6.6%* projected cash return paid monthly
+ Five fully tenanted Daycare Centres
+ Run by experienced Daycare operators with 10–15-year leases
+ Located in Silverdale, Papatoetoe, Pokeno, Tuakau and Dunedin
+ $50K minimum investment for wholesale/eligible investors
+ The offer has been fully underwritten
+ Offer closes 9 March 2020, or earlier if fully subscribed
+ Total property value of $15,550,000
This offer is restricted to “Wholesale Investors” or 'Eligible Investors" Under clauses 3(2) and 3(3)(a) of schedule 1 to the Financial Markets Conduct Act 2013
To learn more about this offer visit - https://www.erskineowen.co.nz/daycare
Silverdale
 |
Purchase Price - $7,054,000
Valuation - $7,100,000
Title - Freehold
Land - 1992 m2 & 1/2 share of 1354 m2
Total Floor Area - 600 m2
Lease Details -Initial lease term of 15 years from 1 February 2019
Operator - The tenant operates 5 Daycare centres and has been in the industry for 8+ years
Papatoetoe
 |
Purchase Price - $1,800,000
Valuation - $1,950,000
Title - Freehold
Land - 814 m2
Total Floor Area - 316m2
Lease Details - Lease Details - Initial lease term 12 years from 1 April 2020
Operator - Operator - The tenant operates 5 daycare centres (4 in Auckland and 1 in Hamilton) and has been in the industry for 8+ years. The operator and his partner are both qualified educators.
Pokeno
 |
Purchase Price - $3,000,000
Valuation - $3,050,000
Title - Freehold
Land - 1940 m2
Total Floor Area - 316 m2
Lease Details - Initial lease term 15 years from 19 October 2018
Operator - The tenant operates another Day care centre in Whitianga
Tuakau
 |
Purchase Price - $2,000,000
Valuation - $2,000,000
Title - Freehold
Land - 995m2
Total Floor Area - 355m2
Lease Details - Initial lease term of 12 years with two further terms of 6 years each from 1 February 2020
Operator - The tenant has been in the industry 7 years and operates another Daycare centre under the Learning Castle brand
Dunedin
 |
Purchase Price - $1,450,000
Valuation - $1,450,000
Title - Freehold
Land - 1,138 m2
Total Floor Area - 453 m2
Lease Details - Initial lease term 10 years from 29 September 2017
Operator - The tenant operates another 8 Daycare centres and a consulting company that focusses upon the Daycare sector.
