Impressive Childcare Freehold Investment | 12 Year Net Lease to Premium Operator

1 Saverio Boulevard, Angle Vale SA

Property Highlights

12 + 10 + 10 Year Net Lease to 2052
3% annual rent increases
Stamp Duty free investment
Register to Bid

Description

+ Secure 12 year net lease to Where We Grow to 2032
+ Two further 10 year options to 2052
+ Where we Grow: premium early education provider with a network of 8 centres
+ Desirable 3% annual rent increases (from 2023)
+ Tenant pays all usual outgoings
+ As new construction with significant depreciation benefits
+ Architecturally designed, child care facility with approval for 120 LDC places
+ Strategic 2,701 sqm main road site situated 200 metres from the Drake’s-anchored Angle Vale Shopping Centre
+ Angle Vale: part of Adelaide’s north growth corridor, located 31 kilometres from the CBD
+ 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.*
+ Stamp Duty free investment opportunity
+ Net Income: $220,190 pa + GST

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

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

RLA 293472

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,701 SQM
Building Area
1 SQM

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