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Strong-Trading Childcare Investment | 100 % Occupancy with Long Wait List

1 Kiddell Place , Coffs Harbour NSW

Property Highlights

15 + 5 + 5 year net Lease to 2040
National provider with 17 centres
3.5%pa rent incrs + ratchet provisions

Description

+Secure 15 Year Net Lease to Petit Early Learning Journey to 2030
+Two further five year options to 2040.
+Petit Early Learning Journey: highly experienced and successful early education provider with 17 centres across the eastern seaboard.
+Tenant pays all outgoings.
+Annual 3.5% rent increases with ratchet provisions at market review, guaranteeing rental growth.
+Land Tax exempt commercial investment.
+Strong-trading centre with 100% occupancy and long wait list.
+Purpose-built 696aqm child care centre, licensed for 84 LDC places.
+Large 2,227sqm landholding with parking for 21 vehicles.
+Strategic Pacific Highway location surrounded by McDonald’s, Red Rooster and only 500 metres from Bunnings, Good Guys and the Coffs Harbour Base Hospital.
+Coffs Harbour: booming coastal location, featuring a vibrant and diverse commercial and retail hub, home to over 79,000 residents and forecast to grow a further 26% to 100,000+ residents by 2041.
+Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the government added a further $1.7 billion to the $10.3 billion already budgeted for the year*.
+Net Income: $240,319pa + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Tuesday 10 May 2022
Sydney Opera House

*Mitchell Institute, Australian Investment in Education: Early Learning.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,227 SQM
Building Area
696 SQM

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