Dominant Childcare Investment
15 Hutchison Terrace , Bakewell NT
Property Highlights
Description
Secure 20 year lease to Affinity Education to 2031
Four further five year options to 2051
Affinity Education Group: highly experienced and successful early education provider with over 160 centres nationally
Further supported by the NT Government’s Early Childhood Services
Subsidy – the only state/territory based subsidy nationally
Strong underlying business (est. 2004) and consistently trading above 95% occupancy, with 0-4 age group 25-30% above the national average
Annual rental increases to CPI + 1%
Tenant pays all usual outgoings
Purpose-built dual facilities licensed for 150 LDC places
Strategic 5,040 sqm corner site (over two titles) adjoining Bakewell
Primary School – the largest primary school in the Northern Territory
Net Income: $277,389 pa + GST
Property Details