Reduced to sell
Located in the Redland Bay Shire this newly developed childcare centre is located directly opposite the local state school and occupies approx 4,000 sq meters of land comprising of:-
• 50 licensed premises
• 4 bedroom house (currently tenanted @ $300 per week)
• Vacant land which could be further developed or sold off.
The centre has been operating since May 2007 and was valued by a reputable company back in November 2006 at $1,400,000. There is plenty of room to expand the centre to accommodate a 75 place centre as and when business demand warrants. The building could also be utilised as a community hall and would be charged out to third parties, increase revenues an profits
If you wish to purchase the freehold and business the owners are negotiable @ $1,300,000.
If however you are looking for a passive investment the owners are happy to sign a lease and remain as tenants on the following negotiable basis -
- Asking price for the freehold $990,00
- Lease for 20 years = 4 x 5 year
- Tenant to pay all outgoings including rates
- Pay rent of $81,400 per annum
- You will also benefit from the house which currently earns approximately $15,600 per annum
- Total income = $97,000 per year
