Erskine + Owen (E+O Property Syndication Ltd) has launched a $15.55 million portfolio of 5 daycare centres targeted at wholesale investors.
It’s projecting a 6.6% cash return paid monthly.
4 of the centres are in the Auckland region, in Silverdale, Papatoetoe, Pokeno & Tuakau, and one in Dunedin. All the operators have 10- to 15-year leases.
Minimum investment in the fully underwritten offer is $50,000.
Erskine + Owen said it would close the offer on Monday 2 March, or earlier if fully subscribed.
Attribution: Company release.