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Childcare For Sale in NorthIsland

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Gisborne Childcare Investment, Great Opportunity

Location:North Island

Category:Child Care Center

Asking Price:$595,000

595000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Gisborne Childcare Investment, Great Opportunity

Business description

With Resource Consent granted for 60 children, an excellent opportunity has presented itself for the development of a new childcare centre in Gisborne. Currently the opportunity has a house on site with tenants; this would need to be removed and a new commercial property development completed or moved onto the site. The current tenant is paying circa $400 per week so there is an opportunity to ‘park' this for a period.

Expected rental return would be circa $118 - $130k per annum. 7.2 – 7.5% ROI. This resource consent has taken nearly 3 years to obtain.

Gisborne is in high need of such a facility and this opportunity is also very close to a local primary school (within 200M). Daily traffic volume past the centre is in the range of 15 – 20,000 vehicles.

The property in today's market (as it stands) is appraised at the mid $500's. Vendor is selling as he is moving to the South Island so an excellent opportunity exists.

Asking Price: $595,000.

To find out more information, visit [Web Link Censored] and submit a confidentiality agreement. Brett will be in touch as soon as he receives your expression of interest.

Licensed REA2008. Copyright Barker Business Brokerage 2008.

Property Code: 3009

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