Superbly Refurbished Sydney Metro Childcare Investment
15 Rawson Avenue , Bexley NSW
Property Highlights
Description
Auction 11am AEDT Tuesday 23 October 2018, Sydney
New 15 year lease to August 2033 with options to 2053
Superbly refurbished childcare centre substantially upgraded and modernised in 2018 (upgrade expenditure circa $250k)
Centre has a long history of strong occupancy
Bexley: inner Sydney family lifestyle with a population of over 88,000 and 16 primary schools within 5 minutes drive from the centre
Strategically located 14 km from Sydney CBD with Sydney Airport, M5 motorway and beaches all within 15 minute drive
Guaranteed rental growth with fixed 3.25% annual rental increases
Security of a 6 month net rental bank guarantee
Net lease, tenants pays all usual outgoings as per the lease
Net Income: $104,400 pa + GST (rising to $163,366 in 2033)
Property Details