Established Childcare Investment Leased to National Operator
13 Court Street , Mudgee NSW
Property Highlights
Description
+New 12 Year net lease to Affinity Education to 2033.
+Further options to 2048.
+Affinity Education: one of Australia’s largest early education providers with 150+ centres.
+Attractive 3% annual rent increases.
+Tenant pays all usual outgoings.
+Established child care centre with service approval for 63 LDC places.
+Land Tax exempt commercial investment.
+Ideally positioned within close proximity to two primary schools, and Mudgee’s town centre including Coles, Woolworths, Kmart and ALDI.
+Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with both Federal and State Governments providing record funding. In the 2021-22 Federal Budget, the Federal Government added a further $1.7 billion to the $10.3 billion already budgeted for the year.**
+Net Income $179,797pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Tuesday 29 March 2022
Sydney Opera House
**Mitchell Institute, Australian Investment in Education: Early Learning.
Property Details