* 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