Invercargill
PMG Direct Childcare Fund

Strategically positioned in Invercargill, 173 Bill Richardson Drive is a premium childcare facility that provides modern amenities and a well-connected location.

The property is centrally located in Avenal and within three kilometres of Invercargill CBD.

Completed in March 2020, the 452 sqm property sits on 2,408 sqm of land. It features an outdoor play area and 16 car parks.

  • Prime Invercargill location: Situated in a growing urban hub, fostering convenience for families and staff
  • Secure investment: 100% occupancy with a high WALT, ensuring long-term rental stability
  • Sustainable growth: A well-maintained property with a strong yield of 7.05%, providing steady returns

Asset details

Asset Type
Childcare
Value
$3,000,000
Anchor Tenant
Blue Duck Childcare
Occupancy
100%
WALT
13.9 years
Tenants
1