Freehold & Leasehold Planning approval for 92 Place Childcare Centre – West Melbourne

Price: $1,300,000 Location: Gippsland, VIC Ref: 99481376
Agent:
Liam Hennessy
Agent Phone:
Office Phone:
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Business Headline :
Freehold & Leasehold Planning approval for 92 Place Childcare Centre – West Melbourne
Price :
$1,300,000
Category :
Education/Training, Child Care
Full Description :

Freehold sale of a planning approved site for a 92 place childcare centre in residential and community based area of West of Melbourne. Current landowner has opened discussions with a possible tenant to sell the freehold with a tenant in place. However is open to discussions to sell the freehold and leasehold together. 

Current lease discussions with potential tenant:

Rent: $174,800

Annual rent increase: 3% 

Lease term: 10 x 10 x 10 years 

To receive further information please complete the below registration:http://www.abbagroup.com.au/?p=99481376#enquire-now

 

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=99481376#enquire-now

Annual Rent : $174,800 - Weekly Rent : $3,362

Annual Turnover : Not Disclosed - Weekly Turnover : Not Disclosed

Annual Gross Profit : Not Disclosed - Weekly Gross Profit : Not Disclosed

Annual Ebit : Not Disclosed - Weekly Ebit : Not Disclosed

Premise : New lease to be provided

Lease Commencement : Oct 2017

Lease Option: 10 + 10 + 10 years

Total Land Area : 2336 Square Metres

Total No of Parking : 25

Franchise : No

Year Established : 2017

Days Trading : 5

Reason for Sale : Land purchased for development for DA purpose only

Location : Residential and Community based area of West Melbourne

Business Potential : Strong growth area with great access to other high growth and populated areas

Parking Comments : 25 cars - Including street parking

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