This childcare freehold property is an ideal entry-level investment which offers future rental growth with options to expand the current 38 license further (subject to approvals).
The centre has been established in this location for several years and has an experienced tenant in place who took over the business in June 2018.
Set on a large 1287m2 property the vendor says the license could potentially be developed to expand the license up to 50 licensed places in the future. In the meantime, the tenant has the benefit of a large playground area which offers a point of difference from their competition.
Take a closer look at the lease:
Term: 3 years
Right of Renewal: 5 rights of 3 years each
Rent Review Dates:Annual CPI
Annual Rent: $43,365 + GST
Tenant pays: 100% OPEX
Bank Guarantee: $24,000 in place offering security for the landlord
Email for a confidentiality agreement today - Linda Harley 022 354 9189.
Price $675,000 + GST (if any)