Brand New Childcare Investment Strategically Positioned On Highly Exposed Corner

Burgess Rawson is pleased to offer to the market 1/90 Corkery Crescent, Taylor (Canberra) ACT for sale by Expressions of Interest.

The property has the following investment highlights:

+ Long 20 year net lease to 2043
+ 10 + 10 year options extending to 2063
+ Brand new state-of-the-art two level 110 place childcare facility
+ Established operator with 15+ centres across NSW & ACT
+ Appealing childcare demographics: vibrant young population, with 50% more 0-5 year olds than ACT average
+ Prime location 450m* from Margaret Hendry Super School – growing to 1,400 students by 2024
+ Large 2,387sqm* site opposite a significant 70,000+sqm* future group centre development precinct
+ Substantial depreciation benefits plus stamp duty claimable
+ Canberra’s population is set to swell by almost 10,000 people in the upcoming financial year, with the ACT on track to become the fastest-growing state or territory by 2026/27^^
+ Child Care/Early Education is an essential service and one of Australia’s most sought-after asset classes; both the Federal and State Governments have allocated
unprecedented funding to support this sector. In 2022-2023, the Federal Government is projected to contribute $10.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Child Care Reform, which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families.^
+ Net Income $462,000* + GST

For Sale by Expressions of Interest
Closing 4pm AEDT
Tuesday 14 November 2023

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx
^Australian Government – Department of Education | Child Care Subsidy Reform
^^Canberra City News