Strategic Childcare Opposite School | New 15 Year lease to 2038 + Options

36 Olinda Road , Windsor Gardens SA

Property Highlights

2 x 10 year options to 2058
Premier schooling catchment
Brand new construction
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Description

Burgess Rawson & Ray White Commercial are pleased to offer to the market Children First Early Education Windsor Gardens located at 36-42 Olinda Road, Windsor Gardens SA for sale via our Investment Portfolio 167.

The property has the following investment highlights:

+ Fifteen (15) year net lease to November 2038
+ Two (2) further ten (10) year options November 2058
+ Children First Early Education: long established operator with 10 centre’s nationally and growing
+ Fixed 3% annual rent increases, ensuring future rental growth
+ Tenant pays all usual outgoings
+ Brand new construction completed late 2023, offering significant depreciation benefits
+ Premium 732sqm* purpose-built childcare facility licensed for 108 LDC places
+ Prominently positioned 2,299sqm* site directly opposite Avenues College (500+ enrolments), and within a 3km* radius of an additional 20 schools which combine to service 6,924 students*
+ Centrally located in a premier retail precinct with seven (7) major shopping centres within a 3km* radius including- Greenacres Shopping Centre, Northgate Shopping Centre, Gilles Plains Shopping Centre, The Junction Shopping Centre, Lightsview Village, Dernancourt Village & Newton Shopping Centre
+ Surrounded by an abundance of national retailers including McDonald’s, Bunnings, Hungry Jack’s, KFC, Supercheap Auto & Total Tools
+ Outstandingly positioned landholding with direct frontage to Sudholz Road, a major thoroughfare interconnecting North East Road & Lower North East Road with over 42,500* passing vehicles daily^
+ City of Port Adelaide Enfield: one of the largest Councils in metropolitan Adelaide with a $10.90 billion* GRP and a $82.4 million future capital works program in 2023-24^^
+ Child care/Early Education is an essential service and one of Australia’s most sought-after asset classes, both the Federal and State Governments have allocated unprecedented funding to support this sector. In the 2023-24 period, the Federal Government is projected to contribute $12.7 billion in funding, plus an additional $4.7 billion dedicated to the Cheaper Childcare Reform which took effect in July 2023. This reform aims to enhance the affordability of early education and care for approximately 1.2 million families^^^
+ Net Income: $374,318 pa* + GST

To be sold via Investment Portfolio Auction 167
10:30am (AEDT) Wednesday 27 March 2024
Crown Casino, Melbourne

Bidder registration required, register at portfolioauctions.com.au

Please contact the exclusively appointed team for more information.

*Approx.
^ Gapmaps
^^City of Port Adelaide Enfield
^^^ Australian Government Department of Education

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,299 SQM
Building Area
732 SQM

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