Brand New Childcare Investment – Zero Stamp Duty
2 Hyacinth Crescent , Christie Downs SA
Property Highlights
Description
Pay no Stamp Duty: 100% exemption applies
New 10 year lease to Treasured Tots to 2027 plus two 10 year options
Treasured Tots Montessori: a wholly owned childcare subsidiary of Precious Cargo Montessori with a network of 11 centres across Adelaide
New purpose-built 773 sqm child care facility, licensed for 137 LDC places
Annual CPI rent reviews plus market review at option
Tenant pays all usual outgoings plus 7% pa management fees (currently equating to $15,823 pa)
Strategic 3,290 sqm corner site located metres from Christie Downs Primary School and the Noarlunga retail precinct with Coles-anchored Colonnades Shopping Centre
Substantial taxation saving depreciation benefits
Net Income: $230,571 pa + $16,139 pa (management fees) as at Sep 2018
Property Details