Brand New Premium Grade Childcare Centre with a 15 Year Triple Net Lease in a Blue Ribbon Location

318 Mona Vale Road , St Ives NSW

Property Highlights

Established tenant for 20 years

Due completion Dec' 19 Off Plan sale

13 schools in 3km radius

Description

15 year lease to 2034 + 2 x 10 year options to 2054
Stunning 95 place childcare centre with best practice sustainable design –aiming to be a zero/low emission building
High exposure main road position in Sydney’s wealthy North Shore
Large land area of 2,020 sqm with 1,037 sqm facility (to be constructed)
Valuable 3% annual rent increases (net income $842,477 in 2033)
Rare landlord friendly triple net lease

+ Established operator with 20 year track record
+ “Off Plan” sale, completion due December 2019
+ 13 schools within a 3 km radius
+ Net Income: $550,000 pa + GST

Offers have now Closed – Under Negotiation

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,020 SQM
Gross Building Area
1,037 SQM

Contact Agents

Michael Gilbert

0430 024 790

Rhys Parker

0451 101 042

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