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Entry Level Childcare Investment | 15 Year Net Lease to 2032

31 Camille Street , Hallett Cove SA

Property Highlights

15 Year Net Lease + options to 2047
Fixed 3% annual rent increases
Established business of 35+ years
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Description

+ 15 year net lease to Global Sky Education to 2032
+ Three further 5 year options to 2047
+ Global Sky Education: experienced and successful provider with a network of 9 centres nationally
+ Desirable 3% annual rent increases
+ Tenant pays all usual outgoings
+ Well maintained child care facility, licensed for 30 LDC places
+ Prominent 661sqm corner site located only 650 metres from Hallett Cove, Shopping Centre including Woolworths, ALDI, McDonald’s and Big W
+ Hallett Cove: established bayside suburb located 23km south from the Adelaide CBD
+ 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.*
+ Stamp Duty free investment opportunity
+ Net Income: $67,530 pa + GST

For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

*Mitchell Institute, Australian Investment in Education: Early Learning.

RLA 293472

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
661 SQM
Building Area
1 SQM

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