Childcare Freehold South Auckland "UNDER CONTRACT" | ABC Business

Childcare Freehold South Auckland "UNDER CONTRACT"

$2,300,000 - Auckland

Industry: Property for Sale / Lease

#29959

* Established childcare centre licensed for 70+ children. The business value is approximately $1million. The business is for sale, however, the vendor wishes to sell the property first.

* A new Lease will be put in place with the business purchaser with an initial lease term of 10 years, and 2 further Rights of Renewal of 5 years each.

* Commencement rental will be $159,432 plus GST and all normal outgoings.

* Rent reviews will be yearly at 1.5% or CPI, whichever is the greater.

* The yield expectation is 6.75% relating to a sale price for the property of $2,300,000.

* Vendor is motivated and keen to move this on so there could be some flexibility on this price.

Freehold Property Asking Price $2,300,000

To obtain more information please click here to complete a confidentiality agreement

Location: Auckland

Page views
94

Our brokers

Anthony Gilbert

021 784 865

Anthony Gilbert

021 784 865

Contact Anthony

Considering buying a business?
It's time to act.

We can help you craft an independent future.

Buy a Business
Play the video

Avoid the pitfalls of selling a business

Our Brokers can help you every step of the way

Find out how
Play the video

Businesses for sale