In a prominent main road location, close to Cairns largest employers, this service has been profitable for many years and now offers the opportunity to a new owner to either continue as is or renovate and realise significant upside in both the property and businesses.
* Approximately 75 Places (LDC)
* $500k FY Total Return 2023
* Occupancy Upside
* Employed Director and Full Staff
* With a cosmetic renovation, this service should achieve a rental return of $2900 per place and on a 6.5% yield, the freehold value alone would be $3.3 million. Being sold at close to property value alone, this is an opportunity that doesn't come along very often in the childcare industry.
Please get in touch ASAP, as owners are very motivated to secure a sale before the end of the financial year.
Offers over 3.4 million
Please contact Hayden Mollard for a full business profile and due diligence information.
