Childcare Investment with a 10+10+5+5 Year Lease
This superb freehold childcare investment is a perfect fit for a passive investor and or a SMSF. To combine the possible 30 year total lease/options, the quality of the tenant and business. It is a secure and exceptionally well located investment that will provide strong returns to the astute investor well into the future.
EXECUTIVE SUMMARY
LICENCE: 74 Place.
LAND SITE: 2,796 m2.
BUILDING AREA: 539 m2 + Externals
PARKING: Estimated at 14 on site.
BUILDING SERVICES: Fully air conditioned, security, industrial waste bins and fire extinguisher
CONSTRUCTED: 1993. Opened February 1994
BUILDING: Low Maintenance Rendered Brick
ROOF: White Colour-Bond.
OCCUPANCY: Average Occupancy 87.5% (June to Dec 15)
LEASE TERM: 10 Years.
OPTION: 1 x 10 year option.
2 x 5 years options.
LEASE COMMENCED: 1 March 2016.
TENANT FINANCIAL: Exceptional. Full current P/L will be provided upon signing confidentially agreement.
LAYOUT: 4 Rooms- Purpose Built.
AGES: 15 weeks - School age.
REVIEWS: 3% and market review option.
MARKET REVIEWS: Market reviews at the commencement of each further term.
All options have a ratchet clause. Rent cannot be reduced.
OUTGOINGS: Triple net. All out goings, Land tax, and GST are paid by the tenant.
RENTAL (Net pa): $148,000 net pa + out goings + GST.
For full Information Memorandum and copy of the lease please email me on andrew.kelly@randw.com.au
Please note; THE AUCTION HAS BEEN CANCELLED.
This property is under contract.
Ascot
