NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Property

Childcare developments south of Auckland

By True Commercial
NZ Herald·
30 Jun, 2017 05:00 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

An artist's impression of the childcare centre at 144 Kitchener Rd, Pukekohe. Photo / Supplied

An artist's impression of the childcare centre at 144 Kitchener Rd, Pukekohe. Photo / Supplied

Two early childhood education centre developments for sale in fast-growing areas south of central Auckland are being billed as affordable investments with strong fundamentals.

Colliers International early childhood sector specialist Peter Kermode and colleague Shoneet Chand are marketing the freehold investment properties in Pukekohe and Pokeno for sale by deadline private treaty.

Offers on 144 Kitchener Rd, Pukekohe, and 62 Pokeno Rd, Pokeno, close at 4pm on Wednesday, July 19, unless sold earlier.

Kermode says the purpose-built centres are being developed for Kindergarten NZ Limited, which has a solid track record of operating early learning centres in Auckland.

They are being built by Signature Homes, which has developed more than 100 early childhood centres in New Zealand. Both are due to be completed in mid-2018.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"Both properties offer very strong fundamentals at a price point affordable to family trusts and other smaller investors," Kermode says.

"They have long-term leases, excellent tenant covenant, new buildings constructed to modern building standards, and locations with huge growth potential."

Kindergarten NZ has committed to 15 year leases with two 10-year rights of renewal on both properties.

Advertisement
Advertise with NZME.

The Pukekohe property will earn $283,920 in net annual rent once completed, while the Pokeno property will earn $312,000.

Rental growth is locked in, with fixed annual increases of 2 per cent, as well as hard ratcheted market rent reviews every five years.

"This is an outstanding opportunity to acquire one or both properties, with an investment grade tenant backed by over a century of history," Kermode says.

Established in 2002, Kindergarten NZ is a subsidiary of the Auckland Kindergarten Association, a charitable trust that has been providing quality early childhood education since 1908.

Discover more

New Zealand|education

Parents' revolt saves free kindergartens

06 Dec 06:11 AM

"The trust is the largest kindergarten association in New Zealand, and its Kindergarten NZ subsidiary has been providing early childhood education and full day care services for 15 years," Kermode says.

"As well as its four Auckland early learning centres, Kindergarten NZ also offers advisory services in the early childhood sector."

This concept depicts the childcare centre envisaged for 62 Pokeno Rd, Pokeno. Photo / Supplied
This concept depicts the childcare centre envisaged for 62 Pokeno Rd, Pokeno. Photo / Supplied

Kermode says both new developments will comprise single-level, purpose-built early childhood education centres designed to meet current industry standards. The centres will be divided into four classrooms catering to different age groups, from babies to 5-year-olds.

Both sites will also include extensive outdoor play areas and generous onsite car parking.

Licensed for 105 children, the Pukekohe centre will be built on a 2011sq m site only 2.5km south of the main township. The property is within 100m of the intersection with the main road, Queen St. It is within 250m of Parkside School and Pukekohe Hospital.

Kermode says Pukekohe, part of the Auckland region, is well located some 50km south of the CBD. "This high-growth area is the second largest urban region in Auckland," he says.

Advertisement
Advertise with NZME.

"Auckland Council has identified Pukekohe as a priority satellite town for 50,000 people and 9000 new jobs in the next 30 years, making properties in the area a solid investment."

The Pokeno centre will be licensed for 120 children.

It will be built on a greenfield site, directly adjacent to Pokeno School, with the size of the final landholding to be determined. Kermode says Pokeno is at the intersection of State Highway 1, between Auckland and Hamilton, and SH2 to Coromandel and Bay of Plenty.

"Less than an hour from the Hamilton and Auckland CBDs, Pokeno has all the benefits of a country lifestyle without sacrificing the convenience of the nearby cities," he says.

"Pokeno is experiencing huge growth, with Waikato District Council projecting some 150ha of residential and 80ha of industrial land to be at capacity within 15 years."

Kermode says the council's plan for Pokeno includes 2000 residential sections to the north, a revitalised town centre, and sports park.

Advertisement
Advertise with NZME.

"Almost 900 residential lots have sold already and demand is very high, which bodes well for childcare investments in the area," he says.

Both properties are featured in the latest Colliers Portfolio.

Save

    Share this article

Latest from Property

Property

House with holes in the ceiling could be the cheapest on rich-lister street

Property

Villa on Auckland's Medical Mile sells for more than $4m

Premium
Property

'Extremely rare move' – consultant has developer put into receivership


Sponsored

Tired of missing out on getting to global summits to help grow your business?

Advertisement
Advertise with NZME.

Latest from Property

House with holes in the ceiling could be the cheapest on rich-lister street
Property

House with holes in the ceiling could be the cheapest on rich-lister street

Deceased estate goes to auction with $2.35m CV.

14 Jul 08:07 AM
Villa on Auckland's Medical Mile sells for more than $4m
Property

Villa on Auckland's Medical Mile sells for more than $4m

14 Jul 07:04 AM
Premium
Premium
'Extremely rare move' – consultant has developer put into receivership
Property

'Extremely rare move' – consultant has developer put into receivership

13 Jul 11:00 PM


Tired of missing out on getting to global summits to help grow your business?
Sponsored

Tired of missing out on getting to global summits to help grow your business?

14 Jul 04:48 AM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP