Future-proofed Investment Opportunity
Business For Sale South Island
Business Category
$4,275,000
Description
Future-proofed Investment Opportunity
Four desirable well established Canterbury preschool properties FOR SALE.
They house two licences of around 130 in total across preschool and nursery centres. The tenants are experienced ECE Operators and Business Managers with multiple centres around Canterbury.
These are 4 separate properties/street addresses, with one situated back-to-back in central Christchurch, with an identical set-up in Kaiapoi.
The properties/buildings were developed by the owners to offer centres with a more boutique ‘home away from home’ appeal. They all have spacious outdoor areas which are ideal for large playgrounds and educational equipment. All properties and buildings have been developed or upgraded, with some extended to cope with growing rolls.
There is a current lease in place which runs until Feb 2026 with a further three rights of renewal, each of five years with final expiry (if all renewals actioned) of February 2041. Annual rental of $225,000 plus normal outgoings with Market and CPI rent reviews every two years from 2026.
Asking Price is $4,275,000.
Act now and you can be part of this investment opportunity with the added security of your ECE tenants being government funded and being paid these funds four months in advance.
If you are interested and would like more information about this business, please visit the Barker Business Brokerage website, search reference number 3637 and submit the online Confidentiality Agreement. Once Doug receives your expression of interest he will be in touch regarding further information about this opportunity.
*Source of information - Supplied by the Business Owner.
Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2024.
Property Code: 3637
They house two licences of around 130 in total across preschool and nursery centres. The tenants are experienced ECE Operators and Business Managers with multiple centres around Canterbury.
These are 4 separate properties/street addresses, with one situated back-to-back in central Christchurch, with an identical set-up in Kaiapoi.
The properties/buildings were developed by the owners to offer centres with a more boutique ‘home away from home’ appeal. They all have spacious outdoor areas which are ideal for large playgrounds and educational equipment. All properties and buildings have been developed or upgraded, with some extended to cope with growing rolls.
There is a current lease in place which runs until Feb 2026 with a further three rights of renewal, each of five years with final expiry (if all renewals actioned) of February 2041. Annual rental of $225,000 plus normal outgoings with Market and CPI rent reviews every two years from 2026.
Asking Price is $4,275,000.
Act now and you can be part of this investment opportunity with the added security of your ECE tenants being government funded and being paid these funds four months in advance.
If you are interested and would like more information about this business, please visit the Barker Business Brokerage website, search reference number 3637 and submit the online Confidentiality Agreement. Once Doug receives your expression of interest he will be in touch regarding further information about this opportunity.
*Source of information - Supplied by the Business Owner.
Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2024.
Property Code: 3637
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