Tenanted 110 Place Childcare Centre – Freehold Investment Achieving a 7% Yield

Price: $4,200,000 Location: North West, VIC Ref: 99481373
Agent:
Liam Hennessy
Agent Phone:
Office Phone:
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Business Headline :
Tenanted 110 Place Childcare Centre – Freehold Investment Achieving a 7% Yield
Price :
$4,200,000
Category :
Education/Training, Child Care
Full Description :
A Freehold Investment in a 110 Place Childcare Centre North West of Melbourne is now available. The centre has been built and current lease has been signed by large childcare operator to support a 7% yield, in which they have already achieved 100% occupancy before commencement of operation.
 
Summary: 
– Freehold 
– 110 Places
– Full Capacity 
– Land Area 2,072.5m2
– $297,000 Rent P/A 3% annual increase 
– Outgoings payable by tenant
– Lease term of 15 years + 10 + 10 year options 
 
To receive further information please complete the below registration:http://www.abbagroup.com.au/?p=99481373#enquire-now
 
 
To receive further information please complete the below registration: https://www.abbagroup.com.au?p=99481373#enquire-now

Annual Rent : $297,000 - Weekly Rent : $5,712

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

Lease Commencement : Jul 2017

Lease End : Jul 2032

Lease Option: 10 + 10 years

Total Land Area : 2072 Square Metres

Total Floor Area : 540 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 street with common community & recreation areas

Business Potential : Well-known and reputable childcare group & 3% annual rental increase

Parking Comments : 25 cars - Onsite & additional street parking

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