Classes at Smart Start Montessori Preschools, which also has a facility in Grange Rd, Mt Eden, are limited to 20 children (a ratio of 10 children to one teacher) to create an intimate learning environment.
The two preschools give 20 hours of Government-funded early childhood education, with before and after session childcare, and have a recently established holiday programme.
The Ellerton Rd property also has a five-bedroom character bungalow which has driveway access into an internal two-car garage off Ellerton Rd, as well as off street parking.
It has a large, modern kitchen and two modern bathrooms, including an en suite in the master bedroom.
Cheng says the house, which has been occupied by a relation of the owner, is in good condition and is being offered for sale with vacant possession.
He says there is strong demand for rental properties in Mt Eden and the house has a recent indicative rental appraisal of $1000 to $1200 a week.
"The property is in a quiet tree-lined street close to the intersection of Mt Eden Rd and Balmoral Rd and is only a short distance from Mt Eden village," says Cheng.
Chan says the property offers several options for a purchaser.
"It is an add-value opportunity for an investor who could increase the property's income significantly by also renting out the home.
"It could also suit a couple or family looking for a house in a centrally located, sought-after suburb who could use the rent from the preschool tenancy to help pay off the mortgage.
"Either way this is a superb investment opportunity given the strong underlying location which is expected to grow in popularity."
