Childcare Freehold South Auckland "UNDER CONTRACT" | ABC Business

Childcare Freehold South Auckland "UNDER CONTRACT"

$2,300,000 - Auckland

Industry: Property for Sale / Lease


* 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

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Our brokers

Anthony Gilbert

021 784 865

Anthony Gilbert

021 784 865

Contact Anthony

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