Rare 18 Year Lease to Dominant Childcare Operator | Proven Performer – 100% Occupancy
117 Piccadilly Street , Riverstone NSW
Property Highlights
Description
Burgess Rawson is pleased to offer to the market Young Academics, 117 Piccadilly Street, Riverstone NSW for sale via Private Treaty.
The property has the following investment highlights:
+ 18 year net lease to 2039 plus two 10 year options to 2059
+ Young Academics ELC: highly experienced Sydney childcare operator with 36 centres in Greater Sydney
+ Net Lease – Tenant pays all outgoings including Land Tax, Management Fees, Repairs & Maintenance
+ Highly desirable fixed 5% annual rent increases to 2025 and fixed 3% annual increases thereafter
+ Most dominant childcare operator in Sydne’s West
+ Modern 90 place childcare facility
+ Significant 2,092sqm* corner Sydney landholding
+ Ideally positioned 3km* from 8 schools & 4,946 students
+ Strong performing centre with 100% occupancy plus waitlist
+ Blacktown: fastest growing population in Sydney and 2nd fastest growing suburb across Australia forecast to increase over 56% by 2041**
+ Net Income $441,551 pa* + GST
For Sale via Private Treaty.
Enquire with agents.
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx
** Realestate.com
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