Childcare Investment Lease to National Provider | 20 Year Net Lease to 2036
4R Wellington Road , Dubbo NSW
Property Highlights
Description
+ Secure 20 year net lease to Imagine to 2036
+ One further 10 year option to 2046
+ Imagine Childcare & Kindergarten: long established and highly successful early education provider with 21 centres nationally
+ Minimum 3% annual rent increases, plus ‘ratchet provisions’ at market review, guaranteeing rental growth
+ Tenant pays 100% of outgoings including management fees
+ As new purpose-built child care facility, licensed for 124 LDC places
+ High profile 4,114 sqm corner site with 31 car spaces
+ Situated within complementary educational precinct and only 800 metres from two primary schools
+ Strategic position fronting the Mitchell Highway and metres from McDonald’s, Bunnings, KFC, Anytime Fitness and Pet Barn
+ Land Tax exempt commercial investment
+ Dubbo: major service centre of the Orana Region with a retail catchment population in excess of 120,000 residents
+ 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.*
+ Net Income: $429,023 pa + GST and Outgoings
For Sale by Investment Portfolio Auction
11am (AEDT) Tuesday 9 November 2021
*Mitchell Institute, Australian Investment in Education: Early Learning.
Property Details