Gisborne Childcare Investment, Great Opportunity

$595,000

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 www.barkerbusiness.co.nz/3009 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.

Details

Region Gisborne
Price $595,000
Business ID 3009
Category Education/Training

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