Wellington Central

Property Details

$2,500,000 $2,500,000.00

ID: 409066

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Premium Childcare - Greater Wellington

Well established and very well regarded centre north of Wellington
Licenced for over 60 children , including 25 under 2's
Superb layout - existing, refurbished villa, and a new addition. The indoor and outdoor spaces are well planned to encourage children's learning and developing their skills.
The latest ERO report (2015) talks glowingly of the centre.
The centre is fully managed, though the vendor has an oversight role and attends to admin/accounting
All staff are either qualified or in training
The vendors own the business and the land and buildings and would prefer to sell these together.
Rent, which equates to $35 per child per week, will be annualised at $118,300 plus GST and outgoings which gives a yield of 7.9%
This is truly one of the premier operations in this profitable, and growing industry.

Asking price

Freehold property $1,520,000
Business $ 980,000

Total $2,500,000