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Impressive Childcare Investment – Highly Sought After Triple Net Lease

43 Adelaide Road, Mount Barker SA

Property Highlights

20 + 10 year triple net lease to 2049

Minimum 3% rent increases

3,588 sqm main rd site in town centre

Description

+ New triple net lease to Paisley Park to 2049
+ Minimum 3% pa rent increases plus market reviews with ‘ratchet’ provisions
+ One of Adelaide’s fastest growth regions
+ Paisley Park: national early education provider with over 30+ years industry experience and a network of 25 centres
+ Impressive purpose-built child care adjoining character-filled heritage cottage and licensed for 136 LDC places
+ Tenant pays all outgoings including all maintenance (both capital and structural) insurances, rates and land tax
+ Substantial 3,588 sqm main road site within Mt Barker town centre
+ Significant depreciation benefits
+ Net Income: $421,600 pa + GST

Auction
11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
3,588 SQM
Gross Building Area
1 SQM

Contact Agents

Adam Thomas

0418 998 971

Natalie Couper

0413 856 983

Request Information

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