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CHILDCARE CENTRE

This is the first time this Childcare Centre has been advertised for sale!

Unfortunately, ill health of one of the partners has forced this business to be put on the market. The owners had plans of making this centre one of the biggest in the area. With that in mind the centre was established initially with only 26 places. The original site was on two separate titles, which have since been merged into one title totaling 2577m2. The entire block has been DA approved as a childcare centre. Stage one saw the centre open with approval for 26 placements catering for 0-2 yrs and 2-5 yrs.

Concept plans for stage two of the project have been drawn to industry standards and show that the site is capable of expanding to accommodate 90 placements plus a managers flat. There is adequate space on the site for this plan to be modified to aprox. 120 placements with kitchen facilities and a managers flat which could be stratered of and sold separately if required.

The current circumstances prevent the owners from realising the full potential of this centre and rather than restrict the potential of the site, they realise the need to further develop the site is greater than their desire to retain it and so they have decided that for the benefit of the centre, it must be sold to someone with the ability to develop the centre to the next stage and realise its full potential. Once completed this will be one of the biggest childcare centres on the Mid North Coast.

The Mid North Coast of NSW is widely recognised as the fastest growing areas of Australia, with growth comes families and this centre is conveniently located to take full advantage of the regions expansion. Anyone with the foresight to invest in this business will not be disappointed.

It is envisaged that to complete the centre based on the concept plans alone would cost aprox $1M, add this to the asking price of $1,850,000 makes a total outlay of $2.85M. Once completed the centre would have a resale value o aprox $4.3M based on today's market.

The business has been valued on the following basis:

Land (Double block) at cost $850,000

DA, Plans & Engineering $50,000

Building Alterations, Car park & Disability Ramp $500,000

Business (26 places @ $17,308) $450,000

Concept Plans are available and ready for submission for approval.

An immediate inspection is highly recommended.