Childcare Feehold with scope for expansion - Rotorua
This Childcare Freehold property has recently been refurbished to increase the license to 80 child places.
Set on a large 2467 square metre 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 long term well established tenant will give the investor confidence in the long term returns this offers.
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 3x 5 years
Rent Review Dates Two Yearly Rent Review CPI
Annual Rent $155,000 + GST
Personal Guarantee- 5 years
Price $2,200,000 +GST if any (7% Return on Investment)
Email for a confidentilaity agreement today.