Childcare Freehold Investment

Rodney

$1,200,000

Proposed Usage
Development Site
Land Area
964.00 m²
Description:
Property ID
1c692cn

Business Highlights:

- Situated in a thriving North Shore location, this property has Resource Consent for the construction of a childcare centre licensed for 65 children.

- The Resource Consent plans include the concept drawings of an attractive 2 storey childcare facility.

- The vendor has a quotation to build the centre at approximately $1.8M, bringing the end product of childcare centre and freehold property to approximately $3M.

- The end product being the turnkey childcare centre, could have a market rental rate of $53 per child providing around $180,000 annual rent with a conservative yield of 6%.

Please contact Anthony for more information - 021 784 865.

Price $1,200,000

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Rodney Area