Childcare Freehold with Scope for Expansion

Rotorua

$2,200,000

Proposed Usage
Development Site
Floor Area
645.00 m²
Land Area
1822.00 m²
Description:
Property ID
1c5k9wf

This childcare Freehold property has recently been refurbished to increase the license to 80 child places.

Set on a large 2467m2 property with two titles, the site offers options for future expansion of the license. In the meantime, the clients enjoy a spacious playground that is a point of difference from their competition.

The purchaser can take comfort from the fact the building has been recently refurbished offering peace of mind for minimal repairs and maintenance going forward.

Take a closer look at the lease:

Term: 15 years
Right of Renewal: 3 x 5 years
Rent Review Dates: Two Yearly Rent Review CPI
Annual Rent: $155,000 + GST
Personal Guarantee: 5 years

Contact Heinz - 027 570 7601 or Linda 022 354 9189.

Price $2,200,000 + GST if any (7% Return on Investment)

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Rotorua Area