Papamoarealestate

- Large 1,436m² residentially zoned lot - Consented for childcare centre - Two large converted residential buildings, garage and storage shed - Established tenant returning $58,500 + GST net per annum Situated on top of the Waihi Road ridge and on one of Tauranga's main arterial routes, this property offers a great investment income with future development potential. There are two converted houses on the property; one circa 1990 the other circa 1940 with a detached double garage and storage shed with large sealed parking area. There is a right of way which can enable a drive through facility. The tenant, BestStart Educare Limited (formerly Kidicorp), has been on this site since 1997, a total of nearly 20 years. Developed as a child day care centre, the premises are also used for the administration hub for Kids at Home; a subsidiary company wholly owned by BestStart.