Nationally Tenanted Investment – Exceptional Long Term Leases

26 Sidney Nolan Street, Conder ACT

Property Highlights

ASX Listed Viva Leisure
Single title building
15 Year Wale

Description

Burgess Rawson are pleased to exclusively offer for Sale by Expressions of Interest this Nationally Tenanted Investment Leased to ASX Listed Viva Leisure and National Childcare Provider Wonderschool Early Learning.

26 Sidney Nolan Street sits in a prominent position with views to Canberra. The newly built investment provides strong long term leases to National tenants with ASX listed covenant to Viva Leisure. The building is a two storey building with exceptional parking on grade and additional large rooftop carparking with direct access to tenancies. A newly added lift also exclusively services the Childcare.

This rare and exceptional building and covenant provides a long term enduring investment for a savvy investor.

Highlights include:

– Built in May 2019 with strong depreciation
– Newly built lift servicing rooftop carpark direct to Childcare
– Direct Access for Gym from first floor carpark
– Designed by one of Canberra’s Best Architects Dezign Team and built by National Awarding winning builders Monarch Building Solutions.
– High occupancy childcare
– Oversized childcare outdoor playscapes approx. 1025sqm
– Award award winning landscapes by Brindabella Landscaping.
– State of the art Gym with exceptional technology.
– 4 schools within 3km radius.
– Additional 119.25m2 office on roof top with a kitchenette and toilet for additional income or your Head Office.

Wonderschool: 20 Year Lease with 2×10 year options
Commencement Date: 4/12/2019
Completion Date: 3/12/2039
3.25% rent increases per annum

Viva Leisure (Club Lime): 10 Year Lease with 2×10 year options
Commencement Date:
Completion Date:
4% rent increases per annum

Net Rent: $699,532.44 plus GST per annum

Available via Expressions of Interest ending 4pm 31 March 2021. If an acceptable offer is received the vendor may sell prior to completion of EOI.

Property Details

Listing
Sale
Occupancy Type
Childcare
Land Size
3,842 SQM
Building Area
2,643 SQM

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