When does the current lease end?
The premises are owned by the current owners of the school and therefore there is no lease in place. The new owner would sign a new lease with the current owners .
Is there an option of renewal & what period?
The owners wish to sign a 5 year lease with the purchaser with the option to renew for a further 5 years.
What is the annual escalation %?
This will be negotiated but an increase of 9% is suggested.
What are the trading hours?
The school operates from 7:00 in the morning with the majority of the kids being picked up around 12:30. The school does operate an aftercare for parents who need full day supervision for their children.
What is the square meters of the business?
The school buildings measure 376m2 in area and the school is located on a 1/2 acre plot.
Who is the Owner/Landlord?
The landlord is the current owners of the school.
Is a copy of the lease available?
A new lease will be negotiated with the purchaser.
Do you require a licence?
Yes, a Health and Social Welfare license is required to run the school. This license is in place.
What lease deposit and/or other surety is required?
One months deposit is required.