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Melbourne VIC 3000

Proposed New Child Care Centre - Prime Eastern Shopping Precinct
  • We currently have a listing whereby the Vendor is operating a 50+ place child care centre, very close to a large shopping precinct east of Melbourne.
  • The existing business has an exceptionally high occupancy and turnover to 30 June 2017 of $1,436,569.
  • The vendor advises he will be closing this centre as the Lease expires 31 October 2019.
  • A permit application has been lodged for a new centre and it is expected to be approved in the near future for 98 place child care centre adjoining the current business which will be closed.
  • The owner will provide a minimum occupancy of 70% by end of February 2020 with a daily rate of $125 per child per day with a proposed turnover of $2.15 million.

The vendor is looking for a sale commitment of $2.2 million from an interested party with a settlement date end of February or March 2020 when the occupancy reaches a minimum of 70% or at a later date with timeframe provided.

Neil Jenkins 0418 777 599 neil@aslre.com.au

 

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